# Knauf to buy Boral's 50% stake in USG Boral for $1.02 billion

Knauf agreed to acquire Boral's 50% stake in USG Boral for US$1.02 billion, giving Knauf 100% ownership of the joint venture that includes gypsum wallboard businesses in Australia, New Zealand, Asia and the Middle East.

- Type: Acquisition
- Announced: 2020-10-29
- Where: Australia
- Value: $1.02B
- Status: announced
- Products: gypsum wallboard
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Boral Limited](https://endata.com/companies/20115.md) (target)
- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [USG Boral](https://endata.com/companies/32952.md) (target)

## Sources

- [globalgypsum.com](https://globalgypsum.com/news/1806-knauf-to-gain-100-ownership-of-usg-boral), 2020-10-29: "Knauf has agreed to buy Boral’s 50% stake in USG Boral for US$1.02bn"
- [globalgypsum.com](https://globalgypsum.com/news/1813-boral-details-knauf-usg-boral-deal), 2020-11-30: "Boral has given details of its US$1.02bn sale of the 50% stake in USG Boral to Germany-based Knauf."
- [globalgypsum.com](https://www.globalgypsum.com/news?start=716), 2020-12-10: "The strength of the joint venture business and its prospects are fully reflected in the sale price as demonstrated by the attractive premium, which is a great outcome for Boral shareholders."

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