EQS-News: Wienerberger AG / Key word(s): Takeover/Strategic Company
Decision
wienerberger successfully closes acquisition of Terreal
01.03.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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wienerberger successfully closes acquisition of Terreal
• wienerberger strengthens its position as the leading European
pitched-roof expert for innovative roofing and solar solutions
• Expansion of business in renovation and refurbishment market with
great growth potential
Vienna, March 1, 2024 – wienerberger, one of the world’s leading providers
of innovative and ecological solutions for the entire building envelope in
new build and renovation, as well as infrastructure for water and energy
management, communicates the successful closing of the largest acquisition
in the company’s history. With all conditions imposed as a prerequisite
for the approval of the transaction duly fulfilled, the takeover of
Terreal’s business in France, Italy, Spain, and the USA, as well as
Creaton in Germany, was successfully closed.
Terreal: A successful European provider of products for roof repair and
renovation
wienerberger expects the acquisition to generate additional annual
revenues of approximately € 725 million. The combined pitched-roof
business is projected to add up to a total roof surface of about 75
million square meters covered per year. The transaction comprises 28
production sites and almost 3,000 Terreal employees, who will now be
joining a strong team in the world of wienerberger and whose passion and
creativity will actively contribute toward shaping the future of building
construction. This step strengthens wienerberger’s position as a leading
provider of innovative, all-in roofing and solar solutions as well as
solutions for the entire building envelope in Europe and North America.
“The renovation and refurbishment of the European building stock is an
essential step on the path toward climate neutrality and an important
contribution to the creation of sustainable and affordable housing. With
the acquisition of Terreal, wienerberger positions itself as the European
pitched-roof expert capable of integrating solar, rainwater, and
additional solutions, including accessories and insulation material, and
thus establishes a strong platform for further growth”, says Heimo
Scheuch, CEO of Wienerberger AG.
Roofs for the future: from protective to multi-functional
As the European pitched-roof expert, wienerberger is now in a position to
offer even more comprehensive roofing solutions that are needed, above
all, for the renovation and refurbishment of the European building stock
and mark a major step toward climate neutrality. This will be decisive for
achieving the targets of the European Green Deal, as old roofs account for
roughly 30% of energy losses in buildings. Another contribution to climate
neutrality and sustainable building construction is based on roofs with
both protective and multi-functional features, a development to be further
advanced by wienerberger: innovative solar and water management solutions
help to reduce emissions and save valuable resources.
Hence, this acquisition is not only the perfect next step in
wienerberger’s value-creating growth strategy, but also an essential move
in the company’s efforts to meet its ambitious sustainability targets.
Moreover, this step will contribute toward providing affordable housing of
high quality for more people than ever and, at the same time, sustainably
address the issue of climate change and its consequences.
wienerberger
wienerberger is a leading international provider of innovative, ecological
solutions for the entire building envelope, in the fields of new buildings
and renovations, as well as 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 world’s largest producer of bricks and the market
leader in clay roof tiles in Europe as well as concrete pavers in Eastern
Europe. In pipe systems (ceramic and plastic pipes), the company is one of
the leading suppliers in Europe. By acquiring Meridian Brick, wienerberger
further strengthened its position as a leading supplier of facade products
in North America. With its more than 200 production sites, wienerberger
generated revenues of approx. € 4.2 billion and an operating EBITDA of €
811 million in 2023.
For further information, please 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
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01.03.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: English Company: Wienerberger AG Wienerbergerplatz 1 1100 Vienna Austria Phone: +43 1 60 192-0 Fax: +43 1 60 192-10159 Email: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1848797
End of News EQS News Service
1848797 01.03.2024 CET/CEST