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Wienerberger AG: Wienerberger strengthens its brick business in Germany and Poland
Clay block production
Vienna
(pta011/25.08.2017/09:00 UTC+2)
Take-over of Reetz clay block plant in Brandenburg, Germany
- Expansion of regional presence in brick business in Germany and Poland
- Insulation-filled bricks to be firmly established as a future-oriented product group
As of September 1, 2017, Wienerberger AG takes over the Reetz clay block plant from Röben Klinkerwerke GmbH in Germany. The plant has about 45 employees and is located in the German State of Brandenburg approx. 100 kilometers south-east of Berlin. It produces high-quality bricks filled with mineral wool as well as precision-ground and traditional clay blocks. The plant has an annual production capacity of 190 million NF (standard format for bricks), which corresponds to about 4,600 single-family houses. The main markets supplied by the plant are regions in the eastern part of Germany and in the west of Poland.
Heimo Scheuch, Chief Executive Officer of Wienerberger AG, states the reasons for the acquisition: "Germany and Poland are among the largest brick markets in Europe and two of the largest markets of the Wienerberger Group. The take-over of the Reetz clay block plant is a consistent step enabling us to expand our geographic presence in Germany. With its proximity to Poland, a growing market to which a large proportion of the blocks is exported, we are strengthening our business in a region of great interest for us." He also adds further considerations: "In recent years, we have observed a rising trend toward high-quality construction both in the single-family-home segment and in multi-story residential buildings. With its bricks filled with mineral wool, Wienerberger offers a building material that ideally meets these requirements and is very well accepted by the market. The acquisition of Reetz, therefore, is in line with our strategy to further increase our production capacities for premium bricks."
Currently, Wienerberger produces clay blocks, facing bricks and roof tiles as well as clay pavers and ceramic facade slabs at 18 production sites in Germany. These products are sold under the Poroton (wall), Koramic (roof), Terca and Argeton (façade), Penter (clay pavers) and Kamtec (chimney systems) brands. For the time being, Wienerberger employs a labor force of about 1,450 employees in the brick segment in Germany. The Reetz plant, strengthens Wienerberger's business in Germany and Poland. It ideally complements the geographic presence of the company's brick activities in Germany and will quickly be integrated into the existing Wienerberger plant network.
The take-over is part of Wienerberger's funds allocated for growth and portfolio optimization and fully in line with investment criteria. It will be earnings accretive with immediate effect. It has been agreed with the owners not to disclose the purchase price of the plant.
Wienerberger Group
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 198 production sites, the Wienerberger Group generated revenues of Eur 2,974 million and EBITDA of Eur 404 million in 2016.
For further information please contact
Karin Steinbichler, Head of Corporate Communications Wienerberger AG
t +43 1 601 92 - 10149 | communication@wienerberger.com
Klaus Ofner, Head of Investor Relations Wienerberger AG
t +43 1 601 92 - 10221 | investor@wienerberger.com
Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under http://www.wienerberger.com/investor-relations/the-wienerberger-share/the-wienerberger-share/shareholder-structure.
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Emitter: |
Wienerberger AG Wienerbergstraße 11 1100 Wien Austria |
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Contact Person: | Karin Steinbichler | |
Phone: | +43 1 60192-10149 | |
E-Mail: | communication@wienerberger.com | |
Website: | www.wienerberger.com | |
ISIN(s): | AT0000831706 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |