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Wienerberger Completes Acquisition of Terreal, Expanding Its European and North American Operations
Wienerberger AG has announced the successful completion of its acquisition of Terreal, marking the company's largest acquisition to date. This move is set to strengthen Wienerberger’s position as the leading expert in innovative roofing and solar solutions across Europe. The acquisition includes Terreal’s operations in France, Italy, Spain, the USA, and Creaton in Germany, encompassing 28 production sites and incorporating nearly 3,000 Terreal employees into Wienerberger’s workforce.
With this acquisition, Wienerberger’s pitched-roof business is expected to cover a total roof surface of about 75 million square meters annually, generating additional revenues of approximately €725 million. This strategic expansion aims to enhance the company's presence in the renovation and refurbishment market, which holds significant growth potential.
Heimo Scheuch, CEO of Wienerberger AG, emphasized the acquisition's alignment with efforts towards climate neutrality in Europe and the creation of sustainable, affordable housing. Wienerberger is poised to integrate comprehensive roofing solutions, including solar, rainwater management, and insulation materials, furthering its commitment to sustainability and addressing the challenges of climate change.
This acquisition is a critical component of Wienerberger’s growth strategy, extending its capability to offer multi-functional roofing solutions vital for achieving European Green Deal targets and reducing energy losses in buildings by approximately 30%. Wienerberger continues to lead in providing ecological building solutions, promoting energy efficiency, healthy living, and climate-friendly construction.
R. P.
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