EQS-News

wienerberger successfully closes acquisition of Terreal

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. 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.