Knauf completed the acquisition of a 50% stake in USG Boral from Boral for $1bn.

Knauf, a provider of building materials, completed the acquisition of a 50% stake in USG Boral, a manufacturer and supplier of gypsum board-based wall and ceiling lining systems, from Boral, a multinational company manufacturing and supplying building and construction materials, for $1bn. In line with Boral’s financial framework, the final sale proceeds will be used to reduce Boral’s net debt position.