Michelmersh Brick Holdings PLC acquired Floren & Cie NV
Amsterdam – CFI Netherlands is pleased to announce the acquisition of the Belgian brick manufacturer Floren & Cie NV (“Floren & Cie” or the “Company”) by the UK listed company Michelmersh Brick Holdings PLC.
Floren & Cie was founded in 1896 and has been led by members of the Corswarem family for generations. The Company operates a production location in the Northern part of Belgium and has continuously invested in product innovation, using the latest technologies, as well as invested in ecological measures for its production processes.
Michelmersh Brick Holdings PLC [ISIN: GB00B013H060, Ticker Symbol: MBH] is the UK’s largest specialist brick manufacturer and currently owns six of the UK’s most recognised premium brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. The Company operates a fully integrated business combining the manufacture of clay bricks, tiles and pavers. Michelmersh Brick Holdings PLC employs approximately 560 people and realised a turnover in 2017 of more than GBP 37 million.
Mr Frank Hanna, Joint CEO of Michelmersh, stated: “Floren & Cie has a strong brand name with broad range of high quality products which complement our existing offering. This acquisition also provides Michelmersh with a strong presence on the European mainland.”
The transaction closed on 15 February 2019.
Related
Real Estate & Construction

has acquired

Transaction details
UK listed company Michelmersh Brick Holdings PLC acquired the Belgian clay brick manufacturing business Floren & Cie NV
This transaction was advised by:

Jaap de Jong
Partner, Managing Director
Martijn Liem
Partner, Managing DirectorOur latest transactions
Real Estate & Construction

has been acquired by

Transaction details
Blue Bay Building Products has been acquired by Wolseley Group, a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers
Food & Beverage & Agribusiness

has sold

to

Transaction details
Fleury Michon has sold Room Saveurs, a trading company and laboratory specialized in the development of meal trays, to Kumo
Industrials

has transferred the equity interests of its subsidiary

to

Transaction details
Maezawa Kyuso Industries has transferred the equity interests of Maezawa Kyuso (Nanchang) to Guangzhou Hongxing Investment Co., Ltd.
Software & IT Services

have sold

to
a portfolio company of

Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain