 | This article needs additional citations for verification. (September 2022) |
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| Company type | Private |
|---|---|
| Industry | Building materials |
| Founded | 1901 |
| Headquarters | , |
Key people | Christopher R. Griffin (President & CEO) |
| Products | Gypsum, drywall, joint compound, dropped ceiling |
| Revenue |  US$3.03 billion (2016) |
| US$374 million (2016) | |
| US$510 million (2016) | |
| Total assets | US$3.87 billion (2016) |
| Total equity | US$1.89 billion (2016) |
Number of employees | 6,800[1] (2017) |
| Parent | Knauf |
| Website | www |
USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America. It is also a major consumer of synthetic gypsum, a byproduct of flue-gas desulfurization. Its corporate offices are located at 550 West Adams Street in Chicago, Illinois.
USG's most significant brands include[2] Sheetrock Brand Gypsum Panels,[3] Securock Brand Glass-Mat Sheathing[4] and Sheetrock Brand All Purpose Joint Compound.[5]
In December 2013, Warren Buffett's Berkshire Hathaway became the largest shareholder in the company (holding roughly 30%) when it converted USG convertible notes it had acquired in 2008 to common stock.[6]
In June 2018, USG entered into an agreement to be purchased by the privately-held building materials company Knauf. It operates as an independent subsidiary of Knauf and continues to remain headquartered in Chicago, Illinois.[7] The deal closed in April 2019.[8]
- ^ "USG". Fortune. Archived from the original on 2019-06-30. Retrieved 2019-02-28.
- ^ "About USG". USG.com. 2010. Retrieved 2011-05-12.
- ^ "SHEETROCK® Brand Gypsum Panels". USG. Retrieved 2013-01-19.
- ^ "Securock® Brand Glass-Mat Sheathing". USG. Retrieved 2018-06-27.
- ^ "Sheetrock® Brand All Purpose Joint Compound". USG. Retrieved 2018-06-27.
- ^ "Berkshire Hathaway agrees to pay $896,000 civil penalty". Big News Network.com. 20 August 2014. Retrieved 20 August 2014.
- ^ "Knauf and USG Agree to Transaction at $44 Per Share in Cash" (Press release). Iphofen, Germany and Chicago: Knauf/USG. Business Wire. June 11, 2018.[permanent dead link]
- ^ "Knauf Completes Acquisition of USG Corporation" (Press release). Iphofen, Germany and Chicago: Knauf/USG. Business Wire. April 24, 2019. Archived from the original on June 1, 2019. Retrieved June 15, 2019.