# Knauf GIPS receives permit to buy 50% stake in VOLMA Corporation

The Federal Antimonopoly Service of Russia approved Knauf GIPS LLC's purchase of a 50% stake in VOLMA Corporation, a major Russian producer of building and finishing materials.

- Type: Acquisition
- Announced: 2017-03-17
- Where: Russia
- Status: announced
- Products: gypsum boards, dry mortars, plaster-throwing machines, insulating materials, building and finishing materials based on gypsum and cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf GIPS](https://endata.com/companies/22935.md) (acquirer)
- [VOLMA Corporation](https://endata.com/companies/22936.md) (target)

## Sources

- [russianconstruction.com](https://russianconstruction.com/news-1/top-stories/26812-knauf-gips-receives-permit-to-buy-half-of-volma-corporation.html), 2017-03-17: "The transaction would not lead to restriction of competition."

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