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New Deal


Announced

Completed

Wienerberger completed the acquisition of FloPlast and Cork Plastics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Containers and Packaging

Private

Ireland

plastic fabrication

Friendly

Acquisition

Plastic Building

Cross Border

United Kingdom

Building Roofing/Wallboard and Plumbing

Single Bidder

Synopsis

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Wienerberger, an Austrian brick maker, completed the acquisition of FloPlast and Cork Plastics, two diversified manufacturers and suppliers of plastic rainwater, drainage and plumbing products. Financial terms were not disclosed. "FloPlast and Cork Plastics are excellent businesses that have a strong focus and experience in the RMI segment. They have a great product portfolio and highly experienced colleagues who will make sure to further grow our market position in the UK and Ireland. Whilst we see ample opportunity in the RMI segment, we are confident that our strong and established client relationships with the UK home builders will help us to unlock additional growth potential in the new build segment," Heimo Scheuch, Wienerberger CEO.

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