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Announced

Completed

Pipelife completed the acquisition of GrainPlastics from de vermeulen groep.

Synopsis

Pipelife, a subsidiary of wienerberger, completed the acquisition of GrainPlastics, a company specializing in the production of corrugated plastic piping solutions, form de vermeulen groep, a company specializing in supply building materials. Financial terms were not dislosed. "With this acquisition wienerberger will immediately increase its share of recycled pipe content in the Netherlands from currently 9% to approx. 15%. Meeting our ambitious goals, we will not only continuously improve people’s quality of life but are also proactively part of the solution when it comes to tackling climate change and its effects,” Heimo Scheuch, wienerberger CEO.

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