Terreal

Mergers and Acquisitions

Acquisition by Wienerberger of Terreal to build Europe’s first true pitched roof expert

Industry
€600m
France FR

Scope of intervention

Sycomore Corporate Finance acted as financial advisor to Wienerberger as part of its acquisition of Terreal, a leading European supplier of innovative roof and solar solutions

Date of closing

February 2024
The Wienerberger Group, a leading provider of sustainable building materials and infrastructure solutions, has submitted an offer to acquire selected core businesses of Terreal from its shareholders. The scope of the transaction would include the business of Terreal in France, Italy, Spain and the USA, and the German and Benelux businesses of Creaton, acquired by Terreal in 2020, altogether employing nearly 3,000 people. Completion is targeted to occur over the course of 2023 and remains subject to the approval by the competition authorities and satisfaction of other conditions typical for a transaction of this nature.

Rationale

  • Strengthen Wienerberger’s position as a leading international full-service provider of smart roofing solutions
  • Enhance Wienerberger’s presence in France and Germany, the largest roofing markets in Europe with significant growth prospects and renovation potential
  • Complement Wienerberger’s existing portfolio of roofing and rainwater management solutions with additional and innovative roofing and solar solutions

Terreal at a glance

Founded more than 150 years ago, Terreal is a company headquartered in France with international operations specializing in roof, solar, wall, and façade products, selling well-known brands including Creaton, San Marco, Ludowici and GSE Intégration. Alongside applications in the construction of new buildings, Terreal’s broad range of innovative and sustainable solutions is primarily designed for the renovation market.

Wienerberger at a glance

The Wienerberger Group is a leading international provider of smart solutions for the entire building envelope and for infrastructure. Wienerberger is the world’s largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 216 production sites, the Wienerberger Group generated revenues of €4.0 billion and EBITDA LFL of €671 million in 2021.

Terreal

See website

Transaction contact

François Vigne

See Press Release