US: Germany’s Knauf has completed its acquisition of USG. The company said that the purchase would create, “a global building materials industry leader that will be even better positioned to meet customers' needs by leveraging two highly complementary businesses, product portfolios and global footprints.”

"We greatly admire USG's strong brands, leading market positions in North American wallboard and ceilings, and highly talented employee base,” said Alexander Knauf, General Partner of Knauf. He added that the transaction was the largest acquisition in Knauf’s history.

Knauf agreed to buy USG in mid-2018 for US$7bn. The Australian Competition and Consumer Commission has approved the deal in late March 2019 subject to asset divestments relating to its Boral-USG joint venture.

Mexico: Saint-Gobain has completed the acquisition of Knauf Mexico for an undisclosed sum. Knauf operates a 26Mm2 gypsum wallboard plant at Queretaro that it purchased from PPG in 2017.

Australia: Senex Energy has agreed a deal with CSR Gyprock to supply natural gas to its gypsum wallboard plant at Coopers Plains in Queensland. The agreement also covers gas supplies to CSR’s brick and insulation plants in the state. Under the initial three-year agreement, Senex will supply CSR Building Products, a subsidiary of CSR, with 0.65PJ/yr of gas, starting on 1 January 2020. CSR can extend the agreement by up to a further two years, taking the total contract quantity to 3.25PJ. Gas will be supplied at the Wallumbilla Gas Hub in Queensland at a fixed price in line with current market levels, indexed annually.

Serbia: Elektroprivreda Srbije, a government-owned power company, has completed a Euro14m terminal on the River Danube for its Kostolac B coal-fired power plant. The unit will be use to transport 105,000t/yr of synthetic gypsum and 157,000/yr of fly ash. It will also process limestone. The terminal was built as part of the first phase of a credit arrangement between Serbia and China.

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