Australia: BGC Australia is considering selling its gypsum wallboard and fibre cement businesses. Roger Brynjulfsen, the general manager of BGC Plasterboard, told customers in a letter that the company's board of directors had brought forward plans for a possible sale of BGC Fibre Cement and BGC Plasterboard, with evaluations under way, according to the Business News newspaper. The company wants to sell both businesses as going concerns with the new owner to continue to supply plasterboard and fibre cement to BGC's existing customers. It is also considering selling parts of the business or changing its operating model.
BGC previously tried to sell its building materials subsidiaries in 2018. However, it deferred the sale in February2019 due to poor market conditions. It appointed a new chief executive officer (CEO), Daniel Cooper, in late June 2019.
