Announced
Completed
Synopsis
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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