Business, Earthmoving News

Etex to acquire BGC plasterboard and fibre cement businesses

Building materials manufacturer Etex is expanding its reach in Australia with the purchase of BGC businesses

Belgium-based Etex has signed an agreement with the Australian construction materials company BGC to acquire its plasterboard and fibre cement businesses, with finalisation expected in early 2024.

Etex is acquiring the lightweight activities from Australian construction materials company BGC, namely gypsum – with the manufacturing of plasterboards, plasters, compounds and cornice – and fibre cement. This acquisition will allow Etex to broaden its footprint in Australia.

Included in this deal is BGC’s plasterboard plant in Western Australia, a 56,000 square metre facility located in Perth, and a network of nine warehouses across Australia and New Zealand. Upon finalisation of the transaction, close to 200 staff will be joining Etex in Australia.

“This deal is a strategic opportunity for Etex to complement our footprint in Australia and further increase the accessibility of our products and services for customers,” Etex CEO Bernard Delvaux says.

“This will both reinforce our plasterboard offering and position us well in the growing fibre cement activities through a broad product range and good channel access.”

Etex regional head Gavin Burton adds: “We are confident in BGC’s very experienced management team and expect long-term market growth in Australia driven by an increasing population and a good penetration of key products, particularly plasterboard and fibre cement sidings.”

Etex already has a presence in Australia with commercial brands such as Siniat plasterboards, Promat passive fire protection and high-temperature insulation and Equitone fibre cement cladding panels.

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