Wienerberger Withdraws Bid for Romanian Brick Manufacturer Brikston
Wienerberger did not give a reason for the decision.
Wienerberger AG recently announced that it has abandoned its plan to acquire Brikston, a Romanian brick producer, and has withdrawn the application submitted to the Romanian anti-trust authority. The company did not give a reason for the decision.
“Our goal is to strengthen our industrial platforms and accelerate our growth,” said Heimo Scheuch, CEO. “We are excellently positioned in Romania and see attractive opportunities for growth with our existing portfolio. We therefore focus on expanding our structures through organic growth projects. At the same time, I do not exclude the future possibility of broadening our local portfolio through diversification into other building materials.”
The Wienerberger Group has been present in Romania since 1998. The company operates six production sites for clay blocks and concrete pavers, and employs a workforce of about 470 people. In 2017, Wienerberger Romania generated revenues of over €76 million (approximately $88.7 million).
For more information, visit www.wienerberger.com.