Gypsum industry news
Saint-Gobain to acquire GCP Applied Technologies 06 December 2021
US: Saint-Gobain has agreed to buy construction chemicals producer GCP Applied Technologies. Reuters News has reported that the move continues Saint-Gobain’s industrial diversification, as it also seeks to maximise its growth opportunities from the US’s on-going infrastructure overhaul. Saint-Gobain expects to conclude the deal by 2023 and will finance the acquisition through cash on its balance sheet.
Chief executive officer Benoit Bazin said “After the successful acquisition of Chryso, GCP is the logical next step to expand Saint-Gobain's presence in admixtures and additives, which provide key solutions to de-carbonise the construction industry.” He added “This acquisition is a decisive step in establishing Saint-Gobain's leading position worldwide in construction chemicals, with total sales of more than US$4.51bn [combined], up from US$3.39bn.”
TORXX Kinetic Pulverizer launches subsidiary called TORXX Kinetic 06 December 2021
US: Canada-based Building materials recycling equipment supplier TORXX Kinetic Pulverizer has launched TORXX Kinetic, a new wholly owned subsidiary. The company’s headquarters are in Chattanooga, Tennessee. TORXX Kinetic Pulverizer chose the location in order to be closer to its customer base.
Vice president Terri Ward said that in 2021 “Covid-19 pandemic-related travel restrictions hindered growth, with our North American headquarters in Canada and most of our customers and new opportunities in the US.” Ward continued “We are maintaining a presence in Toronto with engineering and service resources. However, key personnel and new hires are now in the US, making it much easier to collaborate and respond to customer needs. We were attracted to the Scenic City because of its favourable manufacturing and transportation resources, proximity to our customers, and its appeal to our valued employees.”
TORXX Kinetic Pulverizer’s kinetic pulveriser is a waste processing technology which relies on aerodynamics and matter-on-matter collisions for particle size reduction. Vortices agitate feedstock, causing more brittle material to shatter while less brittle material remains larger. This size differential facilitates the liberation and mechanical separation of contaminants.