Gypsum industry news

Australia: US-based private equity company Lone Star Funds is considering acquiring Boral, according to the Australian newspaper. Lone Star Funds purchased building materials manufacturer Forterra from Heidelberg Cement. Boral later formed a joint venture with Forterra Brick in the US in 2016. In a separate deal Lone Star Funds later purchased German building materials producer Xella. Despite growing revenue from continuing operations, Boral’s net profit after tax fell by 7% year-on-year to US$301m in the year to 30 June 2019.

Denmark: Saint-Gobain has completed the sale of its Optimera construction materials distribution business to Davidsens Tommerhandel. The sale is part of its portfolio optimisation strategy. It follows the divestment of its Saint-Gobain Building Distribution Deutschland (SGBDD) business in Germany, its construction glass business in South Korea and its K Par K wood and windows business in France.