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Currently, the group sees better growth opportunities in other regions, it was said to justify. The parties agreed not to disclose the exact terms of the transaction.
“Even if our business in Switzerland is developing well in general and especially the tile business is doing well, we currently see better growth opportunities in other regions and business areas,” Wienerberger boss Heimo Scheuch said on Friday. the broadcast.
The sale will continue to optimize the portfolio and achieve the goal of generating an added value of 150 million euros from sales between 2018 and 2020. The proceeds from the sale will be used for “selective acquisitions and for innovations in business segments. rapid growth with greater profit opportunities, “according to the company.
According to Wienerberger, ZZ Wancor achieved sales of almost € 50 million in 2019. The company operates two tile plants and a backing brick plant, sells insulating materials to end customers, and employs around 160 people in Switzerland.
