# Etex agrees to buy Knauf Australia

Belgium-based Etex has agreed to acquire Knauf Australia from Germany-based Knauf, including three gypsum wallboard plants in Altona, Matraville and Bundaberg, and over 300 employees. The acquisition is expected to close in early 2021 for an undisclosed sum.

- Type: Acquisition
- Announced: 2020-11-27
- Where: Altona, Victoria; Matraville, New South Wales; Bundaberg, Queensland, Australia
- Jobs: 300
- Status: announced
- Products: gypsum wallboard
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf](https://endata.com/companies/21151.md) (partner)
- [Etex](https://endata.com/companies/28996.md) (acquirer)
- [Knauf Australia](https://endata.com/companies/51509.md) (target)

## Sources

- [globalgypsum.com](https://www.globalgypsum.com/news/1812-etex-agrees-to-buy-knauf-australia), 2020-11-27: "Paul Van Oyen, the chief executive officer (CEO) of Etex said, 'This transaction is a major milestone in the execution of our strategic roadmap initiated two years ago.'"

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