Wienerberger to Acquire Netherlands-Based Brick Manufacturer Daas Baksteen
Operating two production sites near the German border, Daas Baksteen generates revenues of about €24 million (approximately $27.8 million) and employs a workforce of 125 people.
Wienerberger AG has signed an agreement to acquire Daas Baksteen B.V., a family-owned facing brick manufacturer based in the Netherlands. Operating two production sites near the German border, Daas Baksteen generates revenues of about €24 million (approximately $27.8 million) and employs a workforce of 125 people. The company reportedly produces high-end, high-quality facing brick and clay pavers. Accounting for more than two-thirds of the company’s sales, the Netherlands is the main market for Daas Baksteen’s product portfolio.
“Our objective is to further expand the Wienerberger platforms through the acquisition of high-margin, growth-oriented companies,” said Heimo Scheuch, CEO of Wienerberger. “We have earmarked a budget of €200 million (~ $232 million) for this purpose in 2018. I am happy to report that we have succeeded in implementing yet another growth step by taking over Daas Baksteen B.V. The acquisition is an excellent opportunity for us to strengthen our business in important European facing brick markets. Daas Baksteen has a strong corporate and innovation culture, a well-known brand and a broad product portfolio ranging from classic high-end products to exquisite hand-formed bricks. In the Netherlands, we observe a notable trend towards facing bricks of high quality which also meet high aesthetic requirements. With this takeover, we will be able to ideally supplement our product portfolio in this very area.”
Wienerberger generated revenues of over €180 million (~ $208.8 million) in the Netherlands in 2017, which positions the Netherlands as the fourth-largest brick market of the Wienerberger Group. Currently, Wienerberger operates 16 production sites for facing brick, clay pavers, roof tile, and wall and accessories. Wienerberger employs about 840 people in the Netherlands.