Ceramic Industry News

Wienerberger to Take Over Majority in Baggeridge Brick (posted 6/27/07)

June 27, 2007
/ Print / Reprints /
/ Text Size+

The managing board of Wienerberger recently announced that it now holds, has agreed to acquire or has received valid acceptances that represent more than 50% of Baggeridge Brick PLC. On June 6, Wienerberger agreed to purchase a 32% stake from the members of the Baggeridge board of directors, as well as the trustees of the P.A. Ward family trust, P.A. Ward and other shareholders. In addition, the company had also received approximately 8% of valid acceptances of its offer.

On June 14, Wienerberger purchased 10.3% of the outstanding shares in Baggeridge from Trafalgar Asset Management Limited and RAB Capital PLC. The total purchase price for the acquisition is expected to be £99.8 million (~197.3 million), and a quick closing is expected.

“We are very pleased finally to have agreed to secure a controlling stake in Baggeridge,” said Wolfgang Reithofer, CEO of Wienerberger AG. “It was our intention to bring to an end the uncertainty to the company, its employees and shareholders. We are confident that we can accelerate the positive closing of this acquisition and quickly integrate and develop Baggeridge within our group.”

Wienerberger’s website is located at www.wienerberger.com.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40