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James Hardie Industries plc acquired Fermacell GmbH from Xella International S.A. in an all-cash transaction with an enterprise value of €473 million, adding over 800 employees in Europe.
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.
James Hardie Industries plc announced the acquisition of Fermacell to create a leading building materials business in Europe.