CGC Inc., has entered into a definitive agreement to acquire Imperial Building Products (IBP), a Canadian manufacturer of steel framing components, drywall trims, accessories, and proprietary structural solutions.

CGC announced the intended purchase in a news release. IBP, established in 1990 as a division of Imperial Manufacturing Group and headquartered in Richibucto, N.B., operates manufacturing facilities in New Brunswick, Quebec, Ontario, Alberta and B.C.

The deal calls for IBP’s five-plant network to be integrated with CGC’s core drywall and ceiling business, enhancing its ability to offer broader solutions for residential and commercial builders. CGC said the acquisition supports its national growth strategy and will strengthen Canada’s building-materials supply chain.

“Expanding CGC’s portfolio through the acquisition of IBP is a strategic investment in the future of Canadian manufacturing and construction,” said Steve Youngblut, president of Oakville, Ont,.-based CGC. “This acquisition is an important step forward in our goal to provide Canadian builders with the strongest, most reliable supply chain in the industry. By bringing together CGC’s expertise in wall and ceiling products with IBP’s leadership in steel framing, we are better positioned to serve customers from coast to coast and support the country’s housing and infrastructure priorities.”

“We are proud to become part of the CGC family and join forces with a company that shares our commitment to Canadian manufacturing, innovation and builders,” said Cesare Minchillo, President of IBP. “This acquisition brings together two Canadian companies with complementary strengths and shared values. By working together, we will be able to enhance our product offerings, expand our reach and continue supporting Canada’s builders with the highest standards of service and reliability.”

CGC said the acquisition is expected to close in the third quarter of 2025, subject to regulatory approvals. IBP will continue to operate as a distinct business unit, with no immediate changes expected for employees or customers. The transaction involves 100 per cent of IBP’s shares and does not include Imperial Metal Services, Imperial Manufacturing Group or other affiliated companies.