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The announcement comes only months after the company announced its new global Grow and Impact strategy, which includes achieving carbon neutrality by the year 2050.
Analysts predict the acquisition of GCP Applied Technologies by Saint-Gobain will complement CertainTeed's already extensive offerings of roofing, siding, and other exterior building products.
Saint-Gobain will invest approximately $100 million to double its production capacity at one of its roofing shingle plants in the Southeastern United States.