Draft:Etex

{{AfC submission|t||ts=20240814113628|u=Tom20008000|ns=118|demo=}}

{{Short description|International construction material manufacturer}}

{{Multiple issues|

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{{Infobox company

| name = Etex Group NV

| traded_as = {{EuronextBrussels|ETEX|BE0941244536}}

| logo = Etex Germany Exteriors Logo.jpg

| area_served = Worldwide

| key_people = Bernard Delvaux (CEO) and Jo Van Biesbroeck (chairman)

| industry = Building materials

| products = Construction materials, drywall, Fibre cement, building insulation and lightweight construction

| operating_income = {{increase}} €3.808 billion (2023)

| net_income = {{increase}} €278 million (2023)

| num_employees = 13,777 (2023)

| homepage = [http://www.etexgroup.com/en www.etexgroup.com]

| foundation = {{start date and age|df=yes|1905}}

| location_city = Zaventem

| location_country = Belgium

}}

Etex Group NV (Etex) is a Belgian multinational corporation founded in 1905 and headquartered in Zaventem, Belgium. The group has an annual revenue of €3.808 million in 2023 and 13,777 employees spread across 45 countries.{{Cite web |title=Annual reports |url=https://www.etexgroup.com/en/investors/annual-reports/ |access-date=2024-05-26 |website=www.etexgroup.com |language=en}} Etex Group is still largely owned by the founding Emsens family.

History

The company was founded in 1905 in Belgium as Eternit by Alphonse Emsens, who had acquired a license to produce cement reinforced with asbestos fibers, known as asbestos cement. This technique was patented in 1900 by Austrian inventor Ludwig Hatschek. Although Hatschek initially wanted to market the product worldwide himself, he faced difficulties in securing patents in various countries, leading him to license his technique to hundreds of companies globally.

In 1930, Eternit expanded in Europe and began exporting to Latin America, with its first non-European branch opening in Argentina in 1937.{{Cite web |title=History |url=https://www.etexgroup.com/en/about-us/history/ |access-date=2024-05-26 |website=www.etexgroup.com |language=en}}
In 1981, The German company Promat was acquired, active in the development of fire-resistant building materials.{{Cite web |title=Our History |url=https://www.promat.com/en/construction/about-us/our-history/ |access-date=2024-06-25 |website=www.promat.com |language=en-PH}}
In 2011, Etex acquired an 80% stake in Lafarge's European and Latin American gypsum division.{{Cite news |last=staff |first=Global Gypsum |title=Etex to acquire Lafarge assets in Europe and South America |url=https://globalgypsum.com/news/item/420-etex-to-acquire-lafarge-assets-in-europe-and-south-america |access-date=2024-06-25}} The remaining 20% was purchased in 2013.
In 2017, the Spanish company Pladur was acquired.{{Cite web |last=MarketScreener |date=2017-12-22 |title=Etex SA completed the acquisition of remaining 24.31% stake in Pladur from Corporación Empresarial de Materiales de Construcción, S.A.. - MarketScreener |url=https://uk.marketscreener.com/quote/stock/CORPORACI-N-EMPRESARIAL-D-45031878/news/Etex-SA-completed-the-acquisition-of-remaining-24-31-stake-in-Pladur-from-Corporaci-n-Empresarial-34866065/ |access-date=2024-05-27 |website=uk.marketscreener.com |language=en}} The acquisition was completed in 2018.
In 2019, Etex sold Umbelino Monteiro, a specialist in the ceramic roof tile industry, to French group Edilians.{{Cite web |title=Etex sells Umbelino Monteiro to French group Edilians {{!}} Transactions {{!}} Livingstone Partners |url=https://www.livingstonepartners.com/nl/transactions/etex-sells-umbelino-monteiro-to-french-group-edilians/ |access-date=2024-06-05 |website=www.livingstonepartners.com |language=nl}} That same year Etex also sold roofing specialist Marley to Inflexion Private Equity.{{Cite web |date=2019-08-20 |title=Marley bought out from Etex |url=https://www.buildersmerchantsnews.co.uk/Marley-bought-out-from-Etex/47623 |access-date=2024-06-05 |website=www.buildersmerchantsnews.co.uk |language=en}}
In 2020, the subsidiary Creaton was sold to the French company Terreal.{{Cite web |title=Creaton GmbH becomes part of the Terreal Group |url=https://www.creaton.com/about-creaton/news-press/creaton-gmbh-becomes-part-of-the-terreal-group |access-date=2024-05-26 |website=Home |language=en}} That same year Etex acquired FSi Limited, a UK supplier of intumescent sealants and ablative-coated stonewool batts.{{Cite web |last=staff |first=Global Gypsum |date=2020-10-06 |title=Etex acquires FSi Limited |url=https://www.globalgypsum.com/news/item/1670-etex-acquires-fsi-limited |access-date=2024-06-05 |website=www.globalgypsum.com}}
In 2021, various acquisitions followed, including Sigmat, a market leader in the UK for lightweight steel frames production; Horizon Offsite, also active in steel frame production in the UK and Ireland; Evolusion Innovation, an offsite engineering and consultancy firm; and a majority stake in e-Loft, an offsite construction company headquartered in Ploufragan, France.{{Cite web |title=Etex Acquires Sigmat |url=https://www.sigmat.co.uk/news/aug-2021-i-etex-acquires-sigmat/ |access-date=2024-05-26 |website=www.sigmat.co.uk}}{{Cite web |title=Etex acquires Irish steel framing company Horizon Offsite, allowing new growth in its industrialised construction activities in Ireland and the UK |url=https://www.etexgroup.com/en/news/164705/ |access-date=2024-05-26 |website=www.etexgroup.com |language=en}}
In 2022, the Spanish company URSA Insulation was integrated into Etex Group.{{Cite web |last=Thomas |first=Pierre-Henri |date=2023-04-13 |title=Deal of the Year: L'acquisition d'URSA par Etex |url=https://trends.levif.be/entreprises/deal-of-the-year-lacquisition-dursa-par-etex/ |access-date=2024-05-27 |website=Trends-Tendances |language=fr-BE}}
In 2023, the Danish insulation specialist Skamol was acquired.{{Cite web |date=2023-04-12 |title=Etex koopt Deense isolatiespecialist |trans-title=Etex buys Danish insulation specialist |url=https://www.tijd.be/ondernemen/bouw/etex-koopt-deense-isolatiespecialist/10460058.html}} In June, Remagin was launched, a new brand focusing on offsite construction, grouping existing Etex brands (EOS framing, Horizon Offsite, and Sigmat).{{Cite web |title=Etex Group launch new offsite construction brand, Remagin Light Steel Frame Association |url=https://www.lsf-association.co.uk/news/light-steel-frame-news/etex-group-launch-new-offsite-construction-brand-remagin/ |access-date=2024-05-26 |website=www.lsf-association.co.uk}} In October, it was announced that Etex would acquire the fiber cement and plasterboard divisions of the Australian company BGC, with the acquisition completed in March 2024.{{Cite web |last=staff |first=Global Cement |date=2024-03-04 |title=Etex acquires BGC's fibre cement and gypsum wallboard businesses |url=https://www.globalcement.com/news/item/17047-etex-acquires-bgc-s-fibre-cement-and-gypsum-wallboard-businesses |access-date=2024-05-27 |website=www.globalcement.com}}{{Cite web |last=Commission |first=Australian Competition and Consumer |date=2024-02-16 |title=Etex Australia Pty Ltd - BGC Lightweight Materials |url=https://www.accc.gov.au/public-registers/mergers-registers/public-informal-merger-reviews-register/etex-australia-pty-ltd-bgc-lightweight-materials |access-date=2024-05-27 |website=www.accc.gov.au |language=en}}{{Cite web |title=Etex |url=https://www.businessnews.com.au/Company/Etex |access-date=2024-06-05 |website=Business News |language=en}} In December, the fiber cement innovator SCALAMID was acquired.{{Cite web |last=Tendances |first=Trends |date=2023-12-21 |title=Etex s'empare de l'entreprise polonaise Scalamid |url=https://trends.levif.be/entreprises/etex-sempare-de-lentreprise-polonaise-scalamid/ |access-date=2024-05-27 |website=Trends-Tendances |language=fr-BE}}

References

{{Draft categories|

Category:Belgian companies established in 1905

Category:Zaventem

Category:Companies based in Flemish Brabant

Category:Multinational companies headquartered in Belgium

Category:Building materials companies

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