Wienerberger Subsidiary Plans EuroCeramic Acquisition
“The acquisition represents an important step in the expansion of our market position,” said Heimo Scheuch, CEO of Wienerberger AG. “We have now created a strong basis for further growth in the area of ceramic pipe systems.” The company’s ceramic pipes for wastewater disposal are reportedly a high-quality niche product with outstanding material properties that include compressive strength, density and hardness, combined with high abrasion and corrosion resistance and a long service life. There is significant need for replacement and repairs in many West European markets, while large parts of Eastern Europe must first be developed.
“The integration of these two companies will give us a highly effective organization for the European market that will allow us to optimally develop the available opportunities,” said Gernot Schöbitz, managing director of Steinzeug.
For additional details, visit www.wienerberger.com.