The Service of the Commission for the Protection of Competition has received a notification of a concentration from by Gerb. Knauf KG according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of USG Manufacturing Worldwide Ltd and Boral Middle East FZE through Knauf International GmbH.
USG Manufacturing Worldwide Limited is company duly registered under the laws of Cayman Islands and Boral Middle East FZE is company duly registered under the laws of the United Arab Emirates consist the target (hereafter the”Target”) of the transaction. The Target is active in the provision of building materials, including metal profiles, modular suspended ceilings including open suspended ceilings and sheathing boards.
Gerb. Knauf KG is company duly registered under the laws of Germany and it is the mother company of the Knauf Group. The Knauf Group is active in the manufacturing of building products and in the construction equipment and tools.
Knauf International GmbH is company duly registered under the laws of Germany and a subsidiary company of the Gerb. Knauf KG. Is active as a management parent entity without any of its own activities.