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Knauf Insulation: Knauf Completes Acquisition of USG Corporation

Knauf Completes Acquisition of USG Corporation

Creates the World’s Largest Gypsum Company by Combining Two Companies Focused on Customer-Centricity

IPHOFEN, Germany & CHICAGO--(BUSINESS WIRE)--Apr. 24, 2019-- Gebr. Knauf KG (“Knauf”) and USG Corporation (NYSE: USG) today announced the completion of Knauf’s acquisition of USG. This acquisition creates a global building materials industry leader that will be even better positioned to meet customers’ needs by leveraging two highly complementary businesses, product portfolios and global footprints. “This transformational transaction is the largest acquisition in Knauf’s history and, accordingly, presents significant opportunities to create a stronger, more sustainable company for our employees, customers and communities,” said Alexander Knauf, General Partner of Knauf. “We greatly