Acquisitions and Divestitures
Fermacell has acquired a new gypsum fiberboard production facility close to the city of Santander in northern Spain. At the beginning of 2012 we participated in a public auction of the newly constructed but not yet completed factory. The purchase price was 14.5 million euro. For repair work and bringing the plant up to full production capacity, a further eight million euro was invested. Approximately the same sum has been earmarked for expanding the factory over the coming years. Fermacell intends to manufacture up to twelve million square meters of gypsum fiberboard panels per annum in Spain and create 60 new jobs there.
Xella’s building material business unit has taken over an aerated concrete factory in the Czech city of Most. In addition, the remaining shares in the Blatzheim calcium silicate block factory were purchased for 6.6 million euro. Moreover, Xella was at the end of the year able to acquire one hundred percent ownership of the Dutch ‘an Herwaarden’ calcium silicate block factory through an exchange of shareholdings.