Gypsum industry news

Germany: Australia’s James Hardie expects to complete its acquisition of Fermacell in early April 2018. It agreed to buy the gypsum wallboard producer from Xella International in November 2017. Louis Gries, chief executive officer of James Hardie said that there had been no impediments in the transaction.

Germany: Jochen Fabritius has been appointed with shareholder approval as the new CEO of the Xella Group with effect from 1 March 2016. Fabritius has been on the management board of the Xella Group since 1 November 2014 in his role as Chief Operation Officer (COO). He will remain COO and also retain responsibility for the technology division in his new role.

Fabritius succeeds Jan Buck-Emden, who left the company in October 2015. Since then, the company has been jointly managed by Dr Jochen Fabritius and CFO Jürgen Wiecha.

The Xella Group produces and markets building materials, gypsum fibreboards and cement-bonded and fire protection boards and lime. In 2014 Xella generated sales of approximately Euor1.27bn with a workforce of 6686. The company is indirectly owned by private equity companies PAI Partners and Goldman Sachs Capital Partners.