Knauf KG completes acquisition of USG Corporation. This acquisition creates a global building materials industry leader, as the company says in the press release received by Lesprom Network.
“This transformational transaction is the largest acquisition in Knauf’s history and, accordingly, presents significant opportunities to create a stronger, more sustainable company for our employees, customers and communities,” said Alexander Knauf, General Partner of Knauf. “We greatly admire USG’s strong brands, leading market positions in North American wallboard and ceilings, and highly talented employee base. We are excited to welcome USG employees to the Knauf family and look forward to working together to accelerate growth and profitability and even better serve our customers.”
Knauf is a leading manufacturer of building materials operating more than 220 factories worldwide.
USG Corporation is an industry-leading manufacturer of building products and innovative solutions.
