Etex has sold Eternit Flachdach to Soprema
Etex SA (“Etex”), Brussels, has sold its German subsidiary Eternit Flachdach GmbH (“Eternit Flachdach”), Neuss, to Soprema SAS (“Soprema”), Strasbourg. The details of the transaction were agreed to be kept confidential.
Eternit Flachdach is a leading provider of flat roof components in Germany. Mainly targeting the country’s renovation market, its portfolio includes skylight domes, flat glass skylights, smoke vents, services and roof drainage products. Eternit Flachdach employs c.90 people and is recognized for its quality and innovation. It generates more than Euro 20 million in sales.
Etex is a Belgian industrial group specializing in manufacturing and marketing building materials. Its four core businesses are: cladding and building boards in fiber cement and plaster, roofing materials, passive fire protection and high performance insulation, and ceramic floor and wall tiles.
With about 17,500 employees operating on 119 production sites in 45 countries and with an annual turnover of more than Euro 3 billion, Etex is an international player in sustainable building materials and solutions.
Soprema was founded in 1908. Today, the group installs millions of square meters of waterproofing, roofing and insulation systems across the world. Soprema employs more than 5,300 people in its 41 manufacturing plants, 60 operating subsidiaries, and has more than 4,000 distributors, generating sales up to Euro 1.8 billion in 2013. Soprema operates in 90 countries and has seven research and development centers focused on sustainable development, as well as 18 training centers in five countries.
For 20 years now, Soprema has been adopting an approach to evaluate and minimize the environmental and social impact of its products and activity in every phase of a building’s lifespan (from manufacturing to construction, operation and demolition). Soprema’s R&D policy is strongly oriented toward sustainable development. Therefore, materials are reused and renewed to avoid the use of new resources in the manufacturing process.
Lincoln International acted as exclusive financial advisor to Etex for this transaction and initiated a competitive, structured bidding process with selected German and international investors.
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