Wienerberger withdraws its takeover bid for Romanian brick producer Brikston

Wienerberger AG, one of the leading building material producers in Central and Eastern Europe, steps up the pace of its growth course in Romania by expanding its current business and investing in existing production sites.

The company abandons its plan to acquire Brikston, a Romanian brick producer, and withdraws the application submitted to the Romanian anti-trust authority.

Heimo Scheuch, CEO of Wienerberger AG, says: “Our goal is to strengthen our industrial platforms and accelerate our growth. We are excellently positioned in Romania and see attractive opportunities for growth with our existing portfolio. We therefore focus on expanding our structures through organic growth projects. At the same time, I do not exclude the future possibili­ty of broadening our local portfolio through diversification into other building materials.”

The Wienerberger Group has been present in Romania since 1998 and is one of the biggest building material producers in the country. The company operates six production sites for clay blocks and concrete pavers and employs a workforce of about 470 people. In 2017, Wienerberger Romania generated revenues of over € 76 million.

Wienerberger AG
www.wienerberger.com

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