Knauf completed the acquisition of USG Corporation for $7bn in cash.

Gebr. Knauf KG completed the acquisition of USG Corporation, manufacturer of building products and innovative solutions, for $7bn in cash, without interest and subject to tax withholding as applicable. Gebr. Knauf required regulatory approvals and clearances needed to close the previously announced acquisition of USG by Knauf have been received. “We are excited to enter into an agreement to acquire USG. As a long-term USG shareholder, we greatly admire USG’s strong brands, leading market positions in North American wallboard and ceilings and highly talented employee base. We look forward to building on USG’s strong presence in North America,” Alexander Knauf, General Partner of Knauf.