Braas Monier signed an agreement to acquire Danish J.A. Plastindustri A/S (J.A. Plast) on 26 November 2015. J.A. Plast’s product range covers components for roofing materials such as tiles, metal, fibre cement and asphalt shingles. It focuses on sanitary and roof space ventilation, skylights and complementary accessories such as flashings, end pieces and special vents. As a pure OEM producer, J.A. Plast has more than 40 years of experience in the production of customised roofing accessories, providing premium product quality and offers a high degree of flexibility. Main business geographies are Northern Europe including the UK and Eastern Europe.
The acquisition will be financed from free cash flow and is expected to close in the new year.
“Following the acquisitions of Cobert in Spain/Portugal, Golden Clay Industries in Malaysia and selected assets in Italy, this is another important step in growing our business through our ‘Top Line Growth’ programme (TLG) and creating value for our shareholders”, explains Pepyn Dinandt, CEO of Braas Monier Building Group.
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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 37 countries and
115 production facilities and employed around 7,600 people as at 30 June 2015. The Company is headquartered in Luxembourg.
Director Group Communications / Investor Relations
Braas Monier Building Group
Tel: +49 6171 61 28 59