Gypsum industry news

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.

Mexico: PPG has completed its sales of its Plaka plasterboard and cement-board business to Knauf. No financial value for the deal has been disclosed. PPG originally purchased its Plaka business in 2014 when it acquired Consorcio. The company produces wallboard, plasterboard and cement board primarily for the Mexican market.

Mexico: PPG has agreed to sell its Plaka gypsum wallboard and cement board business to Knauf. The transaction is expected to close in the first half of 2017, subject to regulatory approvals and other customary closing conditions. No financial details have been released.

PPG acquired the Plaka business in 2014 as part of its acquisition of Comex. Plaka, with sales of around US$30m in 2015, produces wallboard, plasterboard and cement board primarily for the Mexican construction market. The business employs about 200 people and operates a plant in Querétaro.