1 March 2021
Late last year Knauf Australia announced that the Knauf Group had accepted an offer from Etex to purchase the plasterboard business of Knauf in Australia.
The Australian Competition and Consumer Commission (ACCC) and Foreign Investment Review Board (FIRB) have both approved the transaction allowing the sale to be completed.
Etex is a global manufacturer of lightweight building products headquartered in Belgium. The group has a proven track record spanning over a century. In 2011, when Knauf acquired the Lafarge business in Australia, Etex acquired the Lafarge assets in Europe and South America.
More information will be made available in the coming weeks.