PRESS RELEASE PRESSEINFORMATION ACQUISITION OF BRAMAC GROUP COMPLETED Monier Group strengthens presence in key markets of south eastern Europe Luxembourg, 30 June 2011 – The transaction giving the Monier Group S.à r.l. ownership of the Bramac Group was officially completed today. Previously, Monier and Wienerberger AG had been joint venture partners in Bramac, each owning 50% of the equity. The agreement between the two companies, under which Monier purchased Wienerber ger’s ownership stake, was signed at the end of January 2011.
The Bramac Group is the leading supplier of roofing materials in south -eastern Europe, employing some 900 employees and running 13 production sites. In 2010, it recorded sales of 113.4 million euros. As well as roof tiles, the company also sells roofing system components and solar thermal energy products. As part of the Monier Group, it will continue to pursue its current direction, but with even greater speed: Bramac will now be more closely involved in the parent company’s growth strategy, which is built on the sustainable expansion of its activities and profitable revenue growth. The integration of Bramac’s Bosnian operations, which in 2010 accounted for approximately 2.7% of Bramac Group sales, remains subject to regulatory approval, which is expected to be granted shortly. Comments Pepyn Dinandt, CEO of the Monier Group: “Acquiring full ownership of the Bramac Group is part of our ongoing geographical optimization strategy for the Monier Group’s activities. It strengthens our presence in the most important markets of south eastern Europe, where Bramac already enjoys high brand awareness, and has built up strong customer relationships over many years. The acquisition will also enable Bramac t o expand its range of roofing system solutions, especially in the areas of sustainability and energy efficiency.”
Monier Group S.à r.l., 5, rue Jean Monnet, L-2180 Luxembourg, Chairman and Group CEO Pepyn Dinandt T +352 2 64 20-475 F +352 2 64 20-664 www.monier.com Monier Group S.à r.l., Société à responsabilité limitée, Share capital: EUR 7.400.000 Registered Office: 5, rue Guillaume Kroll, L-1882 Luxembourg, RCS Luxembourg: B-122.155, VAT No. LU 21903102
As part of the deal to acquire full ownership of Bramac, Monier has divested its indirect minority interest in Austrian clay roof tile manufacturer Tondach Gleinstätten AG. Its 25% stake has been transferred to Wienerberger, which now owns 50% of Tondach Gleinstätten.
About Monier The Monier Group is the worldwide leading supplier of building materials for pitched roofs as well as innovative roof, chimney and ventilation systems. The company has operations in more than 40 countries, which are managed by a Luxemburg-based holding company. Through decades of experience, a wide range of products and pioneering innovations, the Monier Group is able to utilise the full potential of roofs in terms of sustainability – for the benefit of its customers as well as today’s and future generations. In 2010, 8,900 employees generated a turnover of 1.280 billion euros. For more information, please visit: www.monier.com
Contact/Rückfragen: Nicole Pichin, Group Communications Director Tel: +3 52-2 64 20-4 75 oder +49-61 71-61 25 93 E-mail: firstname.lastname@example.org