Gypsum industry news

France: Belgium-based Etex has acquired a majority stake in offsite housing construction company e-Loft. The company employs 180 people and makes products in modular residential and other custom-designed buildings using its ‘3D wood’ building technology. It will join the group’s New Ways division. The division develops sustainable, industrialised and modular construction solutions.

Etex chief executive officer Paul Van Oyen said, “We are very pleased to welcome e-Loft into our New Ways division and enthusiastic about the growth opportunities that this strategic acquisition offers to both of our companies. The addition of e-Loft to our global team of experienced lightweight and modular construction businesses further reinforces our ambition to become a leader in future-focussed, sustainable building solutions.”