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Wienerberger takes over Austrian clay block plant Brenner

Commitment to home market and optimal strengthening of regional portfolio

Clay Block Plant Brenner Austria
Clay Block Plant Brenner Austria
Vienna, September 26, 2017 - Wienerberger AG today announces its planned take-over of the Austrian clay block plant Brenner. Through this step, Wienerberger strengthens its home-market activities and further expands its presence in the south of Austria. Brenner is a traditional business with an established brand and strong customer relations in the region. The brick plant is located at St. Andrä in Carinthia and supplies a range of high-performance products, including high-quality precision-ground bricks. The plant has an annual production capacity of 98 million NF (standard format for bricks). In 2016, the company generated revenues of roughly € 9 million. More than 30 of its employees will be taken over by Wienerberger for the continued operation of the plant.
 
 
“Austria is our home market and the seventh largest brick market within the Wienerberger Group. So far, Wienerberger has not been present with a production site in the Southern region of the country. In recent years, we have observed a clear trend toward a preference for natural building materials and, in particular, for bricks. The take-over is an excellent opportunity for us to better respond to the demand for natural building materials also in this part of Austria and to strengthen our regional portfolio in our home market”, says Heimo Scheuch, CEO of Wienerberger AG, expressing his satisfaction with the planned transaction.
 
The take-over is part of Wienerberger’s funds allocated for growth and portfolio optimization, fully in line with investment criteria and earnings accretive with immediate effect. The Closure of the transaction is subjected to approval by the competition authority. It has been agreed with the owners not to disclose the purchase price.
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