Australia: Belgium-based Etex has acquired BGC Fibre Cement and BGC Plasterboard from BGC. The assets include the Canning Vale fibre cement board plant in Western Australia. Both businesses reported total sales of US$101m in the 2023 financial year.
Etex CEO Bernard Delvaux said “We warmly welcome our 200 new teammates coming from BGC. Joining forces with their plasterboard and fibre cement activities is a strategic opportunity for Etex. With this, we take a top three position in the fibre cement market and are eager to start delivering quality fibre cement to new customers.”