on Wienerberger AG (isin : AT0000831706)
Wienerberger Acquires MFP in Ireland, Boosting Market Presence
Wienerberger AG has announced the acquisition of MFP Sales Ltd, a key Irish provider of piping solutions. This move enhances Wienerberger's position in the Irish and UK markets, catering to growing construction demands. The acquisition builds on previous investments, including Cork Plastics in Ireland and FloPlast in the UK, aligning with the company's growth strategy.
MFP's €25 million revenue in 2024 highlights its market significance. Clients will continue to receive quality piping solutions, now supported by Pipelife’s customer service. Production will consolidate at Wienerberger's Cork facility, emphasizing efficiency and sustainability.
CEO Heimo Scheuch cites a market recovery in the UK and Ireland post challenging economic conditions. The acquisition strengthens Wienerberger's role in residential and infrastructure sectors, supporting eco-friendly, affordable housing initiatives.
R. H.
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