Etex announces sale of Portuguese clay tile business to EDILIANS - 17/05/2019

Press releaseEtex announces sale of its Portuguese clay tile business to French based company EDILIANS, formerly Imerys Toiture. The sale is subject to customary closing conditions.

After a successful negotiation, Etex announces the sale of the clay tile activity of our Portugal-based company Umbelino Monteiro. The business employs around 100 employees and operates three production lines. The divestment comes after 12 years of operation within Etex. 

This transaction is fully in line with our strategy to participate in the consolidation trend which has been undergoing in the European residential roofing sector over the last years. It enables Etex to concentrate on its core businesses. All activities of Umbelino Monteiro related to fibre cement building materials, a core technology of Etex, will remain with Etex.

A promising future with EDILIANS

With a network of twelve clay tiles manufacturing sites, EDILIANS - formerly Imerys Toiture - is a leading provider of roofing solutions in Europe and brings close to 180 years of know-how and heritage. It will undoubtedly be a great supporting parent to Umbelino Monteiro and offer new opportunities to the company and its employees.

Etex CEO, Paul Van Oyen comments: “I am remarkably impressed to see how Umbelino Monteiro employees have professionalised the company in all aspects over the last years. The sale of the Portuguese clay tile business will allow Etex to concentrate on its core businesses. We are confident that the business will be in good hands with EDILIANS.

The sale is subject to customary closing conditions.