🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Wienerberger expands in Czech with Betonarna Lesonice buy

EditorFrank DeMatteo
Published 10/15/2024, 08:16 AM
WBSV
-

Vienna, October 15, 2024 – Wienerberger, a global leader in sustainable building solutions, has announced the acquisition of Czech concrete paver manufacturer Betonarna Lesonice s.r.o. The move aims to strengthen the company's position in the construction and infrastructure sector and meet the increasing demand for concrete paving and high-performance sound insulation solutions in the Czech Republic.

The acquisition is set to enhance Wienerberger's production capabilities for concrete pavers and introduce innovative sound insulation products for multi-family houses. This strategic expansion is expected to contribute roughly $10 million to Wienerberger's revenue in the mid-term and supports the company's commitment to local value-creation and ecological benefits through reduced transport distances.

Heimo Scheuch, CEO of Wienerberger, emphasized the importance of the Eastern European market and the role of the acquisition in meeting local demand. "The acquisition of Betonarna Lesonice puts us in an excellent position to meet the demand for concrete paving solutions in infrastructure and residential construction in Czechia," said Scheuch. He also highlighted the alignment of this move with Wienerberger's sustainability goals and value-accretive growth strategy.

Wienerberger's presence in the Czech Republic, previously established with a production plant near Prague, will now be bolstered by Betonarna Lesonice's facility located in the South. The plant's proximity to major cities with rising housing demand makes it a strategic addition, furthering Wienerberger's ability to serve its customers efficiently.

In 2019, Betonarna Lesonice underwent upgrades to incorporate cutting-edge production technology, which complements Wienerberger's existing operations and supports local value-creation. The acquisition notably increases the company's production capacity in the Czech Republic's burgeoning construction and infrastructure sector.

The terms of the transaction, which has been successfully closed, remain confidential between the parties involved. Wienerberger continues to focus on providing energy-efficient and climate-friendly living solutions, with a workforce of over 20,000 employees and a substantial global footprint. The company is recognized as the world's largest brick producer, Europe's market leader in clay roof tiles, and a significant player in concrete pavers in Eastern Europe.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.