Milan, 31 January 2023
Wienerberger, the Austrian building materials giant, has signed an agreement for the acquisition of the activities in Italy, France, Spain and the United States of Terreal, founded in Surenes over 150 years ago and one of the major European suppliers of innovative solutions for renovation of facades and roofs, which operates in Italy through the San Marco and Pica brands with three production plants.
The transaction, worth 600 million euros, also includes the business in Germany and Benelux of Creaton, a company acquired by Terreal in 2020, while the production sites in Austria, Poland and Hungary remain the property of the current shareholders. The closing is expected later this year, after final approval by the antitrust authorities.
