Gypsum industry news

Belgium: Saint-Gobain says that it has entered into exclusive negotiations with Ponsardin Industries for the sale of SFIC Belgium, a specialist construction materials distribution business of gypsum wallboard, insulation and ceilings. The Belgium-based business has forecast sales of €75m in 2025, has 123 employees and it operates a network of 10 branches. The transaction is subject to the completion of an ‘information and consultation procedure’ with the relevant employee representative bodies. The divestment is expected to be finalised by the end of 2025. No value for the transaction has been disclosed.