Australia: Ord Minnett, a financial services company, estimates that Boral could pay as little as US$0.5bn to buy the other half of USG-Boral, the joint venture it runs with USG. The financial company has made the forecast following the on-going acquisition of USG by Germany’s Knauf, according to the Australian newspaper. It believes that Boral is in a strong position given falling value of the joint venture and problems with Knauf’s geographical asset base following its purchase.
Knauf and USG seek clearance for merger in New Zealand
New Zealand: Germany’s Knauf and US-based USG have applied to the Commerce Commission asked for clearance for the two companies to merge. USG is active in New Zealand through its 50% interest in USG Boral Building Products, which supplies gypsum wallboard, suspended ceiling components and other building materials. Knauf is active in the import and supply of products used for modular suspended ceilings and insulation in New Zealand. The proposed merger is also to be assessed by competition authorities in several jurisdictions including Australia, USA and Singapore.
Sika’s sales grow by 13.7% to Euro6.3bn in 2018
Switzerland: Sika’s sales grew by 13.7% year-on-year to Euro6.3bn in 2018 in local currencies. It reported above-average growth rates in Eastern Europe, Africa, the Middle East, US, Indonesia, India, China, and in its Global Business segment.
“With 11 new factories, an additional national subsidiary and four acquisitions, we have invested a great deal in our supply chain in the past year so that we can benefit from the growth in global construction markets and further expand our market position,” said chief executive officer (CEO) Paul Schuler.
Gypsum Association releases new edition of GA-600 Fire Resistance and Sound Control Design Manual
US: The Gypsum Association (GA) has released the 22nd edition of its GA-600-2018 Fire Resistance and Sound Control Design Manual. Revised on a three-year cycle, GA-600 has been referenced by the model building codes as a source of fire-resistive designs for more than 40 years. The 2018 edition contains more than 140 new systems that supplement existing designs for walls and partitions, floor-ceiling systems, area separation firewalls and other assemblies.
GA-600 is currently referenced by the International Building Code, the National Fire Protection Association Codes (NFPA 703 and NFPA 5000), as well as many state and local jurisdictions in the US and Canada as a source document for fire-resistance and sound-control rated designs that incorporate gypsum board in a variety of building systems.
