Wienerberger Sells Austrian Semmelrock Paver Business, Plans to Focus on Growth Markets in Eastern Europe
Within the framework of an asset deal, Rohrdorfer Group will take over the business in Austria, with its four production sites, the headquarters in southern Austria and about 150 employees.
Wienerberger AG recently announced that it will focus increasingly on the development of the paver business under the Semmelrock brand in Eastern European growth markets. Within the framework of an asset deal, Rohrdorfer Group will take over the business in Austria, with its four production sites, the headquarters in southern Austria and about 150 employees. In 2017, the Austrian business activities of Semmelrock generated revenues of roughly €18 million (approximately $25.3 million). The transaction is subject to approval by the competition authorities. The parties have agreed not to disclose the purchase price.
The Semmelrock Group, a wholly owned subsidiary of Wienerberger AG, generated revenues of €116 million (~ $163.2 million) in 2017. This specialized producer of pavers reportedly has a modern industrial base and an efficient network of production sites and distribution outlets in Eastern Europe. In the future, the Semmelrock Group will operate 13 production sites in seven countries (Slovakia, the Czech Republic, Hungary, Poland, Croatia, Romania and Bulgaria), as well as sales organizations in Slovenia, Serbia and Bosnia-Herzegovina, Montenegro, and Macedonia.
For more information, visit www.wienerberger.com.