DGAP-News: Braas Monier Building Group S.A. / Key word(s): Mergers & Acquisitions
Braas Monier closes acquisition of Golden Clay Industries, leader in clay tiles in Malaysia
Luxembourg, 19 October 2015. Braas Monier closed on 16 October 2015 the acquisition of Golden Clay Industries Sdn Bhd (GCI), leader in Malaysia for manufacturing and supplying clay roof tiles and fittings and being one of only a few manufacturers in the Asia-Pacific region using modern H-cassette technology. Including substantial synergies, Management believes GCI will in the medium-term generate revenues of more than MYR 55 million and EBITDA of at least MYR 21 million, leading to a strong cash flow profile. The total Enterprise Value of GCI amounts to MYR 90 million including a potential Earn Out of MYR 16 million (discounted), equivalent to approximately
GCI will be consolidated at 1 October 2015. Revenue and EBITDA contribution for the fourth quarter 2015 are expected to be approximately MYR 8 million and MYR 1.5 million, respectively.
For further information, please visit our website at www.braas-monier.com > Investor Relations > Publications.
About Braas Monier
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|Company:||Braas Monier Building Group S.A.|
|4, rue Lou Hemmer|
|Grand Duchy of Luxembourg|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|