DGAP-News: Braas Monier Building Group S.A. / Key word(s): Mergers & Acquisitions
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 expected (Unaudited, pro-forma figures based on current management assumptions ) 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.
For further information, please visit our website at www.braas-monier.com > Investor Relations > Reports & Presentations.
About Braas Monier
|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|