Etex N.V. (ENXTBR:094124453) signed an agreement to acquire Plasterboard and fibre cement businesses from BGC (Australia) PTY Ltd. on October 12, 2023. Upon completion of the transaction, approximately 200 new members will join Etex in Australia. Plasterboard and fibre cement businesses reported sales of AUD 155 million for the full-year 2023 closed at the end of June.

The acquisition is subject to customary closing conditions with finalisation expected in early 2024. Macquarie Capital (Australia) Limited acted as financial advisor to BGC (Australia) PTY Ltd. Lazard acted as financial advisor to Etex N.V.