Early Life
The Knauf family's story began in 1932 when Alfons and Karl Knauf, both mining engineers, secured the mining rights to gypsum deposits in Schengen, Germany. The following year, they established their first gypsum factory, laying the foundation for what would become the Knauf Group.
Rise to Success
Over the decades, the Knauf Group has grown significantly, expanding its product line and global presence. The company gained international recognition by the industrial production of plasterboard in 1958. In the early 1980s, Nikolaus and Baldwin Knauf took over the management, playing a crucial role in the company’s worldwide rise and solidifying its position as a leader in building materials. The company acquired USG Corporation in 2019, enhancing its presence in the North American market. The company's commitment to quality and innovation helped it to become a global leader in the building materials industry.
Key Business Strategies
Key to Knauf's success has been its focus on innovation, sustainability, and strategic acquisitions. The acquisition of USG Corporation in 2019 and the expansion into the Asia-Pacific market with USG Boral are prime examples of their growth strategy. The Knauf Group continues to invest in its production facilities worldwide and emphasize sustainable practices. The family business has also emphasized its family values in the heart of its company culture.
Philanthropy
Knauf is a family-owned business. The Knauf Museum, which is on the premises of a historical inn built in 1688 on Iphofen's market square, houses a renowned collection of ancient relief art.