Compagnie de Saint-Gobain to acquire Continental Building Products for $1.4bn.

Compagnie de Saint-Gobain, which designs, manufactures and distributes materials, agreed to acquire Continental Building Products, a manufacturer of gypsum wallboard and complementary finishing products, for $1.4bn. The transaction is subject to customary closing conditions, including approval by Continental stockholders and required antitrust approvals. "During the quarter we generated significant cash flows from operations and demonstrated the strength of our low cost, highly efficient operations. Sales volumes improved in the quarter and we continue to be encouraged by strengthening demand in the new home construction market. We remain laser-focused on our Bison Way efforts and continue to invest in high-return capital projects to ensure that we are well-positioned to provide exceptional value to customers for years to come. I would like to thank all of our associates for their hard work and contributions to our achievements and success," Jay Bachmann, Continental Building Products President and Chief Executive Officer.