Knauf

On April 24, 2019, Knauf acquired USG, combining the second and third largest drywall producers globally. The deal strengthens Knauf's competitive position in the world drywall and building plaster industry.

The New Zealand Commerce Commission conditionally approved Knauf's acquisition of USG, requiring Knauf to sell USG's 50% interest in USG Boral to maintain competition.

The Australian Competition and Consumer Commission (ACCC) announced on March 28, 2019, it would approve Knauf's $10 billion acquisition of USG after Knauf agreed to sell USG's 50% stake in the USG Boral joint venture in Australasia to a buyer approved by the ACCC.

Knauf launched a new plant in Novomoskovsk, Tula region, Russia, to produce cement boards under the AQUAPANEL brand. The investment was 1.6 billion rubles, with a production capacity of 10-12 million square meters per year.

USG Corporation shareholders voted to approve the $7 billion acquisition by Germany-based Knauf. The deal is expected to close in early 2019.

The New Zealand government awarded a $40 million wallboard supply contract for the Christchurch rebuild, split between Winstone Wallboards (Fletcher Building) and German manufacturer Knauf, to increase competition.

Volma Corporation and Knauf are building a new plant for Belgips in Gatovo, Minsk region, to produce gypsum products and construction mixtures. Investment is about 60 million euros, with capacity of 30 million m² of plaster wallboards, 500,000 m² of slabs, and 120,000 tons of dry mortars per year. First products expected in October 2018.

Building products manufacturer Knauf awarded a three-year, £4.5 million contract to CM Downton for full-load transport from its Sittingbourne factory to customers in the South East and M4 corridor.

Gebr. Knauf KG will acquire all outstanding shares of USG Corporation in a transaction valued at approximately $7.0 billion. USG shareholders will receive $44.00 per share ($43.50 cash plus $0.50 special dividend). The combined company will be a global building materials leader. USG's headquarters will remain in Chicago.

Knauf acquired a 50% stake in Corporation Volma LLC (Russia), which is a major shareholder of Belgips, a Belarusian gypsum plasterboard manufacturer. The transaction will also fund a new manufacturing facility for 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.

PPG agreed to sell its Plaka gypsum wallboard and cement board business to Knauf. The transaction is expected to close in the first half of 2017.