Etex sells Eternit Flachdach to Soprema - 16/02/2015
Etex has announced the sale of its German subsidiary
Eternit Flachdach GmbH, which specialises in flat roof components such as skylights
and smoke vents, to the French Soprema Group. As a global expert in building
envelopes this is a strategic acquisition in line with Soprema’s market consolidation
plans. The sale is subject to customary closing conditions which are expected to be
met in the coming weeks.
Flachdach: a strong player in a resilient market
Founded in 1960 in Neuss, near Düsseldorf, 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. Flachdach employs 86 people and is recognised for its quality and innovation. It
generates more than 20 million euro in sales.
Delivering uninterrupted growth since 2005, the German building industry has successfully
withstood the financial crisis. Ever since 2007, the flat roof market segment has even been
outperforming the overall building construction industry. In addition, Germany represents by
far Europe’s biggest market for flat roof skylight components.
Soprema: consolidating its presence in Germany via a strategic acquisition
Soprema was founded in 1908 and is still owned by the Bindschedler family. With a
worldwide staff of 5,334 employees and sales of almost 2 billion euro in 2014, it focuses on
three main segments: building materials, contracting and installation of among others
waterproofing systems, and skylights and smoke extraction. Flachdach will become part of
Adexsi, the mother company of Soprema’s skylights and smoke extraction business unit.
Etex: providing cash to further invest in core businesses
Paul Van Oyen, CEO of Etex, explains: “For Etex the divestment of Flachdach is in line with
our business strategy and will be a leverage to further invest in our core businesses.” The
group continues to strengthen its position in four market segments: cladding and building
boards, pitched roofing materials, fire protection and insulation, and ceramic tiles.
Etex is confident that Flachdach’s future is in safe hands and will continue to prosper under
the ownership of Soprema. Paul Van Oyen adds “For many years, Flachdach’s employees
have shown their absolute dedication to Etex. We would like to thank them for their support
and wish them the best of luck.”
Download the press release (pdf 152 kB)
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