International building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US have sought Commerce Commission clearance for their merger.
Knauf’s products include plasterboard, cement board, metal profiles, plasters & suspended ceilings. In New Zealand, it imports & supplies products used for modular suspended ceilings & insulation.
USG’s products include plasterboard, cement board, plasters & suspended ceilings. USG is active in New Zealand through its 50% interest in USG Boral Building Products, which supplies plasterboard, suspended ceiling components & other building materials.
In addition to the New Zealand clearance, competition authorities in several jurisdictions, including Australia, the US & Singapore, will assess the proposed merger.
Attribution: Commerce Commission release.