Braas Monier closes acquisition of Italian clay tile manufacturer Ceprano Coperture S.r.l.
Luxembourg, 21 December 2015. Braas Monier today closed the acquisition of Ceprano Coperture S.r.l. (Ceprano), a manufacturer of clay roof tiles, operating one plant in Central Italy. For 2015, Ceprano is expected1 to generate revenues of approx. EUR 9 million and an EBITDA of approx. EUR 1 million. Including substantial synergies, Management believes the acquisition of Ceprano will contribute revenues of approx. EUR 12 million and an EBITDA of approx. EUR 2.5 million by 2018. The total Enterprise Value of Ceprano amounts to approx. EUR 10 million. The acquisition was financed from free cash flow.
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 37 countries and
115 production facilities and employed around 7,600 people as at 30 June 2015. The Company is headquartered in Luxembourg.
Contact
Achim Schreck
Director Group Communications / Investor Relations
Braas Monier Building Group
Tel: +49 6171 61 28 59
E-mail: achim.schreck@monier.com
Website: www.braas-monier.com
1 Unaudited, pro-forma figures based on current management assumptions
