Monier Group acquisition of Bramac now complete

Transaction now formally concluded in Bosnia too

Monday 18, July 2011

 

Luxembourg, 18 July 2011 – The Monier Group’s acquisition of the Bramac Group became effective on 30 June 2011. However, the integration of Bramac’s Bosnian operations, which in 2010 accounted for approximately 2.7% of Bramac Group sales, was delayed, as at that date it was still subject to regulatory approval in that country. This has now been granted. As a result, the transaction is now complete, and the Monier Group owns 100 per cent of Bramac.

About Monier
The Monier Group is the worldwide leading supplier of building materials for pitched roofs as well as innovative roof, chimney and ventilation systems. The company has operations in more than 40 countries, which are managed by a Luxemburg-based holding company. Through decades of experience, a wide range of products and pioneering innovations, the Monier Group is able to utilise the full potential of roofs in terms of sustainability – for the benefit of its customers as well as today’s and future generations. In 2010, 8,900 employees generated a turnover of 1.280 billion euros.

Press downloads