Gypsum industry news

Spain: Etex has become the sole shareholder of Pladur following the completion of a deal to buy all the remaining shares from Coemac. The deal was first announced in July 2017 and following customary closing conditions it closed on 22 December 2017. Pladur operates one gypsum wallboard plant near Madrid and it has been building a second plant at Gelsa that was due to open in mid-2017.

Germany: Australia’s James Hardie is to buy Fermacell for Euro473m. The Australian company has entered into a definitive agreement to buy XI (DL) Holdings and its subsidiaries, including the gypsum fibreboard producer. The deal is expected to close in the first quarter 2018.

“Fermacell’s market position, go-to-market strategy and strong management team will enable us to scale and accelerate our European business, which has long been a strategic goal. Fermacell will diversify our geographic, product and end-market portfolio, complementing our strong positions in North America and Australasia, and will create significant growth opportunities and drive long-term value for customers, employees and shareholders,” said Louis Gries, chief executive officer (EO) of James Hardie.

Jack Truong, President, International Operations of James Hardie, added that Fermacell’s ‘broad’ European footprint and capabilities were expected to ‘accelerate’ his company’s fibre cement business growth in Europe. James Hardie is also ‘excited’ about the future growth opportunities of Fermacell’s core business in regions such as the UK, France, and Scandinavia.

US: The gypsum wallboard and suspended ceilings distributor GMS Inc. has acquired substantially all of the operating assets of Pennsylvania, US-based Washington Builder’s Supply Company (WBS) to expand footprint in Western Pennsylvania, according to a company release. Terms of the transaction were not disclosed.

WBS will join Ohio Valley Drywall Supply, a GMS company acquired in 2015, which serves residential and commercial customers in Pittsburgh and the surrounding areas.

WBS and Ohio Valley will stock a wide variety of products including wallboard, steel, insulation and construction accessories, along with a full range of commercial and residential services, such as after-hours and weekend delivery as needed.

GMS operates a network of more than 210 distribution centres across the United States. The company’s product offerings include wallboard, suspended ceilings systems and complementary interior construction materials.

Denmark: Environmental services company Reconor, a subsidiary of private equity firm Agilitas, has purchased Mijodan for an undisclosed sum. Mijodan, based in South Jutland, recycles a number of products, including gypsum wallboard.

Argentina: Centurion Minerals is in the process of buying the remaining 50% share in the Ana Sofia Agri-Gypsum Project from its joint-venture partner Demetra Minerals. The final transaction will be subject to shareholder and regulatory approval.

"Owning 100% of the Ana Sofia Agri-Gypsum Project has been our goal since we were first introduced to the project. Despite unprecedented weather-related disruptions for the agricultural industry in South America in 2017, we see these short-term challenges as long-term benefits that will drive increased agri-gypsum demand," said Centurion's president and chief executive officer, David Tafel.

Turkey: Switzerland's Sika has acquired ABC Sealants, a manufacturer of construction sealants and adhesives. The purchase is intended to strengthen Sika's market position in Turkey and to function as a distribution and production hub for the Middle East and Africa. ABC Sealants is based in Istanbul and it operates one manufacturing plant.

US: ACG Materials has acquired Diamond Gypsum, a miner of gypsum products that are sold into various oil and gas, infrastructure and agricultural applications. The company owns and operates a quarry in central Oklahoma. No value for the transaction has been disclosed.

"We are excited to further strengthen our position as the leading industrial mineral and aggregate producer in the Midwest," said Paul Harrington, Chief Executive Officer (CEO) of ACG Materials. He added that the acquisition expands ACG Materials' presence in the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) shale basin.

ACG Materials, a subsidiary of HIG Capital, is based in Norman, Oklahoma. It mines, mills, processes, and distributes industrial minerals and aggregates including gypsum, anhydrite, limestone, sand, gravel and downstream food, pharmaceutical and plaster products.

Mexico: PPG has completed its sales of its Plaka plasterboard and cement-board business to Knauf. No financial value for the deal has been disclosed. PPG originally purchased its Plaka business in 2014 when it acquired Consorcio. The company produces wallboard, plasterboard and cement board primarily for the Mexican market.

Chile: Knauf has acquired Novochile for an undisclosed amount. The purchase includes a 10Mm²/yr gypsum wallboard plant in La Serana and gypsum mineral reserves. The plant supplies central and northern Chile and it will compliment Knauf's plant in Argentina. It will be the seventh that it operates in Latin America.

Brazil: Saint-Gobain has finalised its purchase of the distribution network of Tumelero Materiais de Construção sales outlets in Rio Grande do Sul. The distribution company operates a portfolio of building materials and services for the construction industry including 29 sales outlets and nearly 1000 staff.

Following the acquisition Saint-Gobain says it will run the country's largest network of distribution sales outlets for home improvement products and services in Brazil with a total of 70 outlets operating under the Telhanorte, Telhanorte Conceito, Pro Telhanorte and Tumelero brands in 46 cities in São Paulo, Minas Gerais, Paraná and Rio Grande do Sul states. The transaction has been approved by the Brazilian competition regulator CADE.