Friday 31st March 2023
Rondo has today announced the sale of its international businesses, Rondo Metal Products Sdn Bhd and Rondo Metal Systems Sdn Bhd, to Knauf. The sale includes Rondo’s operations in Malaysia and the United Arab Emirates and related entities.
Knauf's strong market position and extensive distribution and sales network allows them to offer a broad range of building materials globally. This acquisition will enable Knauf to expand their product and systems offerings in the Asian markets and gives Rondo customers access to a more comprehensive product range and systems solutions.
The sale does not include Rondo’s operations in Australia and New Zealand and the joint venture ownership between CSR and Knauf for these countries remains unchanged.
“Rondo is immensely proud of the strong business we have built in Asia and the Middle East, and I personally thank everyone who has contributed to its success over past decades. The acquisition by Knauf will provide customers and employees with exciting new opportunities, and we wish them well for the future” Andrea Pidcock, Rondo Executive General Manager.
“By divesting the international operations, Rondo can focus its attention, investments, and resources on reinforcing its leading market positions and delivering greater value to its customers in Australia and New Zealand.” Tony Charnock, Rondo Chairman
Rondo is a market leader in the design and manufacture of roll-formed steel wall and ceiling systems, along with complementary accessories that are supplied to commercial and residential projects, including but not limited to apartments, hospitals, offices, retail spaces, educational facilities, and hotels.
The Knauf Group is an internationally active family-owned company headquartered in Iphofen, Franconia, Germany. The building materials manufacturer operates more than 300 production sites and sales organizations in over 90 countries on all continents and is a leading global producer of construction materials and systems based on gypsum, energy-efficient insulation and insulating materials, and system solutions in the ceiling sector. Founded in 1932, the Knauf Group achieved sales of EUR 15.4 billion in 2022 and employed a total of around 41,500 people. For more information about the Knauf Group, please visit our website at www.knauf.com.
Group Marketing Manager