EQS-News: wienerberger acquires GrainPlastics, a leading provider of drainage and cable protection solutions in the Netherlands

EQS-News: Wienerberger AG / Key word(s): Takeover/Strategic Company
   Decision
   wienerberger acquires GrainPlastics, a leading provider of drainage and
   cable protection solutions in the Netherlands

   14.05.2024 / 08:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   wienerberger acquires GrainPlastics, a leading provider of drainage and
   cable protection solutions in the Netherlands

     • With its new production sites in Leeuwarden and Hoogeveen (NL)
       wienerberger broadens its range of solutions for water and energy
       management
     • Acquisition of GrainPlastics enhances value creation in the Region
       West in line with wienerberger’s growth strategy
     • New sustainable solutions increase wienerberger’s share of recycled
       material for pipes in the Netherlands by around 65%

   Vienna, May 14, 2024 – wienerberger, one of the world’s leading providers
   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, announces the successful acquisition of
   piping specialist GrainPlastics. By acquiring the Dutch Company,
   wienerberger strengthens its position in the piping segment in the
   Netherlands and the entire Region West. Alongside the production of piping
   solutions for water management in the fields of agriculture, irrigation
   and public infrastructure, cable protection solutions represent a highly
   attractive growth opportunity due to significant public investment
   programs to drive the green energy transition of the Netherlands. The
   company mainly services smaller cable protection contractors, which
   perfectly complements and diversifies wienerberger’s existing customer
   portfolio. The additional capacity of GrainPlastics and its market access
   will allow wienerberger to develop into an even stronger player and to
   fully capitalize on this growing market segment with an enhanced value
   proposition.

   Expediting ambitious ESG targets with respect to utilization of recycled
   materials

   Commenting on the transaction, Heimo Scheuch, CEO wienerberger says:
   “Sustainability has always been an integral part of wienerberger’s
   corporate strategy, as we provide sustainable solutions for housing
   construction, energy-efficient renovation, as well as water and energy
   management. On this path, we are taking our next steps by further reducing
   emissions, expanding circularity and fostering biodiversity while also
   increasing our revenue from products that support net zero buildings and
   managing waste and water with even greater efficiency. With this
   acquisition wienerberger will immediately increase its share of recycled
   pipe content in the Netherlands from currently 9% to approx. 15%. Meeting
   our ambitious goals, we will not only continuously improve people’s
   quality of life but are also proactively part of the solution when it
   comes to tackling climate change and its effects.”

   In recent years, wienerberger’s piping activities in the Region West have
   been subject to significant development and investments to implement and
   drive the strategic vision: Since 2020 wienerberger has allocated more
   than € 400 million to piping related growth initiatives and M&A projects
   in this region to complete and further advance the strategic
   transformation.

   Today, wienerberger’s piping activities offer holistic system solutions as
   an answer to the increasing demand for smart water management resulting
   from climate change and increasing urbanization, as well as the rising
   need for cable protection solutions to upgrade electricity networks to
   allow for uninterrupted supply of energy and facilitate the ongoing energy
   transition. In addition, solutions for irrigation, drainage and rainwater
   management enable a controlled flow of water from agricultural and sealed
   surfaces into the ground or for immediate re-use.

   Details of the transaction

   The transaction was successfully closed on May 8, 2024. The contracting
   parties agreed not to disclose the purchase price.

   About GrainPlastics

   GrainPlastics, located in the North-East of the Netherlands, is a leading
   player in the drainage and cable protection markets in the Netherlands, a
   specialist in the production of corrugated plastic piping solutions for
   agricultural and irrigation purposes as well as high-density polyethylene
   (HDPE) pipes for infrastructure and industrial applications. The company
   operates two production sites in Leeuwarden and Hoogeveen in the
   North-East of the country. With a workforce of about 80 employees
   GrainPlastics generated revenues of approx. € 30 million in 2023.

   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 20,000 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                       
                                              

   ══════════════════════════════════════════════════════════════════════════

   14.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Wienerberger AG
                Wienerbergerplatz 1
                1100 Wien
                Austria
   Phone:       +43 1 60 192-0
   Fax:         +43 1 60 192-10159
   E-mail:      investor@wienerberger.com
   Internet:    www.wienerberger.com
   ISIN:        AT0000831706
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1901489


    
   End of News EQS News Service


   1901489  14.05.2024 CET/CEST

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print