Commitment to home market and optimal strengthening of regional portfolio
VIENNA, 29-Sep-2017 — /EuropaWire/ — Wienerberger AG today announces its planned take-over of the Austrian clay block plant Brenner. Through this step, Wienerberger strengthens its home-market activities and further expands its presence in the south of Austria. Brenner is a traditional business with an established brand and strong customer relations in the region. The brick plant is located at St. Andrä in Carinthia and supplies a range of high-performance products, including high-quality precision-ground bricks. The plant has an annual production capacity of 98 million NF (standard format for bricks). In 2016, the company generated revenues of roughly € 9 million. More than 30 of its employees will be taken over by Wienerberger for the continued operation of the plant.
“Austria is our home market and the seventh largest brick market within the Wienerberger Group. So far, Wienerberger has not been present with a production site in the Southern region of the country. In recent years, we have observed a clear trend toward a preference for natural building materials and, in particular, for bricks. The take-over is an excellent opportunity for us to better respond to the demand for natural building materials also in this part of Austria and to strengthen our regional portfolio in our home market”, says Heimo Scheuch, CEO of Wienerberger AG, expressing his satisfaction with the planned transaction.
The take-over is part of Wienerberger’s funds allocated for growth and portfolio optimization, fully in line with investment criteria and earnings accretive with immediate effect. The Closure of the transaction is subjected to approval by the competition authority. It has been agreed with the owners not to disclose the purchase price.
Wienerberger is the world’s largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 200 production sites, the Wienerberger Group generated revenues of € 2,974 million and EBITDA of € 404 million in 2016.
For further information please contact
Karin Steinbichler, Head of Corporate Communications Wienerberger
t +43 1 601 92 – 10149 | email@example.com
Klaus Ofner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | firstname.lastname@example.org
SOURCE: Wienerberger AG