The renovation and renovation of the European building stock is an essential step on the path to climate neutrality and an important contribution to the sustainable creation of affordable housing. With the acquisition of Terreal and the development into a European pitched roof expert that integrates solar, rainwater and other solutions including accessories and insulation for the roof, wienerberger is now creating a strong platform for further growth
Heimo Scheuch, CEO of Wienerberger AG
Vienna (OTS) –
– wienerberger strengthens its position as the leading European pitched roof expert for innovative roof and solar solutions
– Expansion of business activities in the renovation and renovation market with great growth potential
wienerberger, a world-leading provider of innovative, ecological solutions for the entire building envelope in the areas of new construction and renovation as well as for infrastructure in water and energy management, announces the successful closing of the largest acquisition in its company history. After all closing conditions were met, the transaction to acquire the Terreal business in France, Italy, Spain and the USA as well as Creaton in Germany was successfully completed.
Terreal: A successful European provider of roof renovation and renovation
The takeover brings wienerberger expected additional annual sales of around €725 million. The combined pitched roof business is expected to generate around 75 million square meters of roof space annually in the future. The transaction includes 28 locations and around 3,000 Terreal employees, who will now be brought together to form a strong team in the world of wienerberger to proactively shape the future of construction with their passion and creativity. With this step, wienerberger is strengthening its position as a leading provider of holistic, innovative roof and solar solutions as well as solutions for the entire building envelope in Europe and North America.
„The renovation and renovation of the European building stock is an essential step on the path to climate neutrality and an important contribution to the sustainable creation of affordable housing. With the acquisition of Terreal and the development into a European pitched roof expert that integrates solar, rainwater and other solutions including accessories and insulation for the roof, wienerberger is now creating a strong platform for further growth
” says Heimo Scheuch, CEO of Wienerberger AG.
From protective roof to useful roof
As a European pitched roof expert, wienerberger can now offer even more comprehensive solutions in the roof sector, which are primarily needed for the renovation and renovation of existing buildings in Europe and represent a significant step on the way to climate neutrality. This is also crucial for achieving the European Green Deal, because outdated roofs are responsible for around 30 percent of energy loss in buildings. The development from a protective roof to a useful roof makes a further contribution to climate neutrality and sustainable construction, which wienerberger will continue to advance: Innovative solar and water management solutions reduce emissions and save valuable resources.
This acquisition is therefore not only an ideal next step in wienerberger’s value-creating growth strategy, but also essential for achieving the company’s ambitious sustainability goals. In addition, this step will help to provide affordable housing with a high quality of life to more people in the future than today, while at the same time sustainably dealing with climate change and its consequences.
wienerberger
wienerberger is a leading provider of innovative, ecological solutions for the entire building envelope in the areas of new construction and renovation as well as for infrastructure in water and energy management. With more than 19,000 employees worldwide, wienerberger’s solutions enable energy-efficient, healthy, climate-friendly and affordable living. wienerberger is the largest brick producer in the world and market leader for clay roof tiles in Europe and for concrete paving in Eastern Europe. The company is one of the leading providers in Europe for pipe systems (stoneware and plastic pipes). With the acquisition of Meridian Brick, wienerberger has further expanded its position as a leading provider of facade products in North America. With more than 200 production locations across the group, wienerberger generated sales of around €4.2 billion and an operating EBITDA of €811 million in 2023.
Questions & Contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com