Acquisition of Lafarge Gypsum transforms Etex Group
Published: 07 November, 2011
BRUSSELS: The Etex Group has acquired the plasterboard activities of Lafarge Gypsum in Europe and Latin America.
The push for sustainable and energy efficient buildings in Europe, the superior performance of lightweight construction and the demand for affordable housing in the emerging markets make dry construction one of the fastest growing segments of the building materials market. With the acquisition, Etex gains a leading position in this market, both in Europe and Latin America.
The business operates 43 production facilities in 13 countries and with a turnover close to 1bn euro it will represent 35% of Etex Group revenues.
Etex Group and Lafarge Gypsum have been working together successfully for more than 15 years and hold a number one position in plasterboard in Latin America.
The new division benefits from unique industry expertise and leading research and development capabilities, which will prove a major platform for future growth.
Etex Group and Lafarge will keep strong ties as this acquisition will materialize through a joint venture (Etex 80%; Lafarge 20%).
Fons Peeters, chief executive of Etex Group, commented: “The combination with Lafarge Gypsum creates a new dynamic for Etex Group. Dry construction is one of the major strategic axes for Etex and will be a fundamental lever for growth in the future. The acquisition was a unique opportunity to acquire a leadership position in this market. Our strategic focus will give the plasterboard business new opportunities and allow it to serve its customers even better.”