M&A Deal Summary

USG Acquires Ceilings Plus

On November 14, 2017, USG acquired building materials company Ceilings Plus for 52M USD

Acquisition Highlights
  • This is USG’s 2nd transaction in the Building Materials sector.
  • This is USG’s largest (disclosed) transaction.
  • This is USG’s 1st transaction in the United States.
  • This is USG’s 1st transaction in California.

M&A Deal Summary

Date 2017-11-14
Target Ceilings Plus
Sector Building Materials
Buyer(s) USG
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

Ceilings Plus

Commerce, California, United States
Ceilings Plus is a manufacturer of specialty ceilings products. Ceilings Plus is based in Commerce, California.

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Buyer(S) 1

Buyer

USG

Chicago, Illinois, United States

Category Company
Founded 1901
Sector Building Materials
Employees6,800
Revenue 3.2B USD (2017)
DESCRIPTION
USG's corporate headquarters in downtown Chicago, Illinois.
USG's corporate headquarters in downtown Chicago, Illinois.

USG Corp. is a manufacturer and distributor of building materials. USG produces a wide range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction as well as products used in certain industrial processes. USG was formed in 1901 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 L&W Supply

Chicago, Illinois, United States

L&W Supply Corp. is a distributors of gypsum wallboard and suspended ceiling tiles in the United States, serving its customers from a nationwide footprint of 136 distribution branches.

Sell $670M