Luxembourg, 28 November 2016. Braas Monier today closed the acquisition of a concrete tile plant in Craiova, Romania, whose products will be sold under the brand name of Getica in the future. Management expects to generate from this transaction in 2019 revenues of approximately RON 22 million and an Operating EBITDA of approximately RON 7.5 million, leading to a strong cash flow profile. The total investment for the acquisition of the assets amounts to approximately RON 33 million, equivalent to approximately EUR 7 million (Based on an exchange rate of 1 EUR = 4.5140 RON (as of 25 November 2016)). The acquisition was financed from free cash flow.
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About Braas Monier
Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and 120 production facilities and employed around 7,911 people as at 30 September 2016. The Company is headquartered in Luxembourg.
Director Group Communications / Investor Relations
Braas Monier Building Group
Tel: +49 6171 61 28 59