 |
 |
||||||
[August 2006]
Wienerberger Takes Next Step in German Clay Roof Tile Sector
Wienerberger AG (Vienna, Austria), the world’s largest producer of bricks and the number two in clay roof tiles in Europe, is continuing its growth course with the acquisition of the assets of Jungmeier GmbH & Co KG, a clay roof tile manufacturer in southern Germany. The company is situated in Straubing (around 130km north-east of Munich) and operates four plants at this location.
In 2005 Jungmeier generated revenues of €23 million with roughly 200 employees, a balanced product portfolio and a successful regional brand. Unsolvable succession problems led to a decision by the owners, Max and Heinz Jungmeier, to look for a strategic partner in order to secure the continued existence of the company.Synergies exist between Jungmeier and the recently acquired Bogen clay tile company
"We are very pleased to have reached an agreement with the Jungmeier family," commented Heimo Scheuch, member of the Managing Board of Wienerberger AG, on the opportunities created by this investment. "This well-known clay roof tile company is efficiently managed, and has compact plant structures and an interesting product line. The acquisition of the assets of Jungmeier and the successful conclusion of the purchase of
Dachziegelwerke Bogen in April of this year will create clear synergies for Wienerberger. We will be able to establish a long-term position with a complete range of products and significantly increase our market presence in Southern Germany." The parties have agreed not to disclose any information on the purchase price for this transaction.Now one of the leading suppliers of clay roof tiles to this market, Wienerberger entered the German roof tile scene as a local producer in 2003 with the acquisition of Koramic Roofing. During the past three years the company has grown to become one of the leading suppliers of clay roof tiles in this country. With production facilities in the southern (Straubing, Langenzenn), western (Mühlacker, Eisenberg) and eastern (Görlitz) regions of Germany, Wienerberger has an ideal network of locations and says it can optimally service the entire German market with additional imports from France and the Netherlands.
www.wienerberger.com
ENDS