Wienerberger Acquires GrainPlastics: A Major Move in Dutch Drainage & Cable Protection

• Wienerberger AG has acquired GrainPlastics, a leading provider of drainage and cable protection solutions in the Netherlands.
• The acquisition broadens Wienerberger's range of solutions for water and energy management with new production sites in Leeuwarden and Hoogeveen.
• The move aligns with Wienerberger's growth strategy and enhances value creation in the Region West.
• The acquisition will increase Wienerberger's share of recycled material for pipes in the Netherlands by around 65%.
• GrainPlastics' market access and additional capacity will allow Wienerberger to develop into a stronger player in the piping segment.
• The transaction was successfully closed on May 8, 2024, but the purchase price was not disclosed.

The next important date, Quarterly report, at Wienerberger is on 16.05.2024.

The price of Wienerberger at the time of the news was 35,43EUR and was down -0,17 % compared with the previous day.

Wienerberger

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+170,44 %

-27,02 %

ISIN:AT0000831706WKN:852894

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