Wienerberger Takes Over Pipelife

Businessn.a. ♦ Published: February 15, 2012; 18:49 ♦ (Vindobona)

Wienerberger is acquiring the remaining 50% stake in Pipelife for € 162m. Sales will increase by € 800m.

Wienerberger Takes Over Pipelife / Picture: © Wienerberger

Wienerberger AG, the world’s largest producer of bricks, is acquiring the remaining 50% stake in Pipelife, a producer of plastic pipe systems in Europe, from the joint venture partner Solvay for € 162m and thereby raising its investment in the company to 100%. This transaction is subject to the approval of the cartel authorities, and Wienerberger will fully consolidate Pipelife…