EQS-News: wienerberger acquires GrainPlastics, a leading provider of drainage and cable protection solutions in the Netherlands
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.
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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
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14.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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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
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