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Etex, the lightweight construction pioneer, is acquiring Skamol, a manufacturer of high temperature insulation materials. This acquisition further consolidates Etex’s portfolio of sustainable solutions in a market that is strongly supported by the need for energy efficient insulation products and solutions. Skamol and Etex - through its passive fire protection and high-performance insulation business - are complimentary in terms of products and geographies, allowing the combined organisations to broaden their offering in high-temperature insulation for building and industrial applications. This acquisition is subject to customary closing conditions.

In the first half of 2023, Etex coped with an overall slowdown of the construction sector – both in new build and renovation – triggered by several elements leading to high volatility and uncertainty such as inflation that puts pressure on consumers’ buying power, higher interest rates and more restricted loan policies by banks. However, Etex managed to record improved sales compared to the first half of 2022 through swift adaptations to challenging market contexts and cost-to-price monitoring. While our volumes are slightly impacted, margins remain strong.

Decarbonisation is one of the five priority areas defined by Etex in its Road to Sustainability 2030 commitments. The company decided to take part in the First Movers Coalition, a World Economic Forum initiative, to pave the way for the decarbonisation of industries.

Etex, the Belgium-based global building materials manufacturer and pioneer in lightweight construction, has closed the acquisition of Australian construction materials company BGC’s plasterboard and fibre cement businesses. Through this deal, Etex expands its sustainable activities in the attractive Australian and New Zealand markets, with significant growth opportunities.

For the fifth year in a row, Etex achieved new record performance across the board, including in revenue, REBITDA and net recurring profit while setting another major milestone with its Road to Sustainability 2030 commitments

Etex, the Belgium-based global building materials manufacturer and pioneer in lightweight construction, has signed an agreement with the Australian construction materials company BGC to acquire its plasterboard and fibre cement businesses. With this deal, Etex expands its activities in the attractive Australian market, with significant growth opportunities. The acquisition is subject to customary closing conditions, with finalisation expected in early 2024.