France's Saint-Gobain to buy Canada's Kaycan for $928 million

- Saint-Gobain has entered into a definitive agreement to acquire Kaycan, a manufacturer of premium building products in Canada and the United States, for $928 million in cash, the French group said on Tuesday.

The transaction, set to complete by the end of this year, will boost Saint-Gobain's offer in sustainable construction and will strengthen the company's position in North America, Chief Executive Officer Benoit Bazin said in a call.

(This story has been refiled to correct spelling error in headline)