# Knauf to become co-owner of Belgips

Knauf is expected to become joint owner of Belgips, a gypsum wallboard producer in Belarus, by purchasing half of the company from Russia's Volma. The transaction is pending approval from competition bodies.

- Type: Acquisition
- Announced: 2017-03-23
- Where: Belarus
- Status: announced
- Products: gypsum wallboard
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [VOLMA Corporation](https://endata.com/companies/22936.md) (partner)
- [Belgips](https://endata.com/companies/23024.md) (target)

## Sources

- [globalgypsum.com](https://globalgypsum.com/news/1426-knauf-to-become-co-owner-of-belgips), 2017-03-23: "Knauf is expected to become the joint owner of Belgips in April 2017 when Belorussian and Russian competition bodies approve its purchase of half of the company from Russia's Volma."

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