# Etex acquires 25% stake in Kunooz Gypsum, forms JV for Oman gypsum industry

Belgian building materials group Etex acquired a 25% stake in Kunooz Gypsum, a subsidiary of Kunooz Oman Holding, and formed a joint venture to invest in gypsum-based industrial activities in Oman.

- Type: Acquisition
- Announced: 2026-01-23
- Where: Salalah, Oman
- Status: announced
- Products: gypsum, plasterboard, lightweight construction solutions
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Etex](https://endata.com/companies/28996.md) (acquirer)
- [Kunooz Gypsum](https://endata.com/companies/89852.md) (target)
- [Kunooz Oman Holding](https://endata.com/companies/89853.md) (partner)

## Sources

- [zawya.com](https://www.zawya.com/en/economy/gcc/belgian-backed-jv-to-invest-in-omans-gypsum-industry-368409), 2026-01-23: "This collaboration will also contribute to Oman’s economy by developing downstream businesses for high-value products and leveraging Etex’s technical and technological capabilities in gypsum-based lightweight construction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.