James Hardie to acquire Fermacell parent for €473M

James Hardie Industries plc agreed to acquire German-based XI (DL) Holdings GmbH and its subsidiaries from Xella International S.A. for €473 million (approx. US$549 million), including Fermacell, a European fiber gypsum board manufacturer.

“Fermacell’s market position, go-to-market strategy and strong management team will enable us to scale and accelerate our European business.”hbsdealer.com

• 3 sources
• hbsdealer.comJames Hardie buying European gypsum company | HBS DealerFeb 20, 2018
• ir.jameshardie.comJames Hardie Industries PLC - James Hardie Completes Acquisition of FermacellApr 3, 2018
• sec.govExhibitApr 4, 2018

Summarized from public sources; check the original articles before acting on it.