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Mon, Jun 17, 2019 02:47
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Knauf and USG seek clearance to merge

NEW ZEALAND (News release) -- The Commerce Commission has received an application from Gebr. Knauf KG and USG Corporation seeking clearance for the two to merge.

Knauf is based in Germany and operates globally as a manufacturer and supplier of building materials. Its products include plasterboard, cement board, metal profiles, plasters and suspended ceilings. In New Zealand, Knauf is active in the importation and supply of products used for modular suspended ceilings and insulation.

USG is a global manufacturer and supplier of building materials headquartered in the USA. It manufactures a range of products including plasterboard, cement board, plasters and suspended ceilings. USG is active in New Zealand through its 50% interest in USG Boral Building Products, which supplies plasterboard, suspended ceiling components and other building materials.

In addition to New Zealand, the proposed merger is to be assessed by competition authorities in several jurisdictions including Australia, USA and Singapore.

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