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Sheetrock Maker USG Trades to Knauf for $7B

Chicago-based building products maker USG Corporation, founded in 1901 as the United States Gypsum Company and best known for Sheetrock, is trading to Knauf for about $7 billion.

The German building products maker is acquiring all outstanding shares of USG for $44 apiece. Warren Buffett’s Berkshire Hathaway controls about 31% of USG’s stock, and has agreed to vote its shares in favor of the deal.

USG will maintain its global headquarters at Fifield Companies’ 550 W. Adams, where it’s the anchor tenant. The company had annual sales of $3.2 billion last year, and employs 6,800 worldwide.

“We believe this transaction will create new opportunities for both companies’ customers, and will benefit USG’s employees who will be part of a truly global building products company,” said USG president and CEO Jennifer Scanlon.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition