Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to the shareholders of Daas Baksteen B.V. and its subsidiaries, (“Daas Baksteen” or the “Company”), in the sale to the Austrian listed international industrial group Wienerberger.
Daas Baksteen was founded in 1890 and has been led by members of the Den Daas family for generations. The Company operates three production facilities located in the Eastern part of the Netherlands. Daas Baksteen generates annual revenues of about EUR 24 million and employs a workforce of about 125 people. The Company produces high-end, high-quality facing bricks and clay pavers. In recent years, Daas Baksteen also developed innovative facing brick solutions, such as ClickBrick® and the ID Wall, in response to rising demand for sustainable and easy-to-install building systems.
Wienerberger AG [ISIN: AT0000831706, Ticker Symbol: WIE] is the world’s largest producer of bricks and No. 1 on the clay roof tiles market in Europe with 197 production sites in 30 countries. Wienerberger also holds leading positions in concrete pavers in Central-East Europe and pipe systems in Europe. The group generates annual revenues in excess of EUR 3.1 billion.
Mr Gert Jan Den Daas stated: “After the new generation decided there was no ambition to lead the company in the future, MBCF helped us find a sustainable position for our family business Daas Baksteen. We feel that with Wienerberger the interests of our employees and trading partners is secured for the long term.”
Mr Heimo Scheuch (CEO of Wienerberger AG) stated: “Our objective is to further expand the Wienerberger platforms through the acquisition of high-margin, growth-oriented companies. We have earmarked a budget of € 200 million for this purpose in 2018. I am happy to report that we have succeeded in implementing yet another growth step by taking over Daas Baksteen B.V. The acquisition is an excellent opportunity for us to strengthen our business in important European facing brick markets. Daas Baksteen has a strong corporate and innovation culture, a well-known brand and a broad product portfolio ranging from classic high-end products to exquisite hand-formed bricks. In the Netherlands, we observe a notable trend towards facing bricks of high quality which also meet high aesthetic requirements. With this takeover, we will be able to ideally supplement our product portfolio in this very area”
CFI Netherlands initiated discussions and negotiations with a select range of potential strategic parties in a process that ultimately resulted in a successful transaction with Wienerberger.
The transaction was closed on 13 June 2018.
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