Xella Aquires Macon Group Xella International S.A. signed an agreement with two Polish private equity funds managed by Enterprise Investors (EI) to acquire Macon Group, Romania’s largest AAC producer and one of the largest manufacturers of building materials in the Romanian market. The transaction is subject to approval by the competent antitrust authorities. The closing of the transaction is expected in the first half of 2018. The parties agreed not to disclose details of the transaction. “With the acquisition of Macon, Xella becomes one of the market leaders in the Romanian building materials market and Romania’s main manufacturer in AAC. Xella becomes a major player in lime and precast concrete and successfully delivers on reaching regional leadership positions through bolt-on acquisitions” says Xella Group CEO Dr. Jochen Fabritius. “Xella continues to drive on a very promising growth trajectory and focuses on pan-European value add building product solutions with highly profitable growth and sustainability. We consistently pursue our goal of being among the “best in class” in the industry, make the most out of Xella´s business units and create value to lead Xella into a successful future.” adds Fabritius. Xella Group is a leading, internationally operating solution provider of building materials and related industries, with sales of 1.5 billion euros and 6,700 employees (as of 2016). Xella is one of the pioneers in digitally supported building processes and will consistently follow the chosen profitable growth path. Xella is headquartered in Duisburg/Germany, with 97 plants in 20 countries and sales organizations in more than 30 countries. In many of its market segments Xella holds a leading position.The success of Xella is based on strong brands in the premium segment, a superior service portfolio, a solid business model, and systematically expanded cost leadership. Xella’s products are sustainable both in manufacturing and use. Macon Group is the largest Romanian AAC producer and one of the largest manufacturers of building materials in the country and has operated successfully in the Romanian market for over 50 years. Macon Group of companies have fours business lines (AAC, precast concrete, lime and terracotta tiles) and operates production facilities in Deva, Oradea, Targu Jiu and Vadu Crisului. With aprox. 800 employees the company generated a turnover of around EUR 32 million in 2016. Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 1.8 billion in 139 companies across a range of sectors and exited 125 companies with total gross proceeds of EUR 3.5 billion. The exits include 34 IPOs of portfolio companies on the Warsaw, Prague and New York stock exchanges. Leave a Reply Cancel Reply Your email address will not be published.CommentName* Email* Website Save my name, email, and website in this browser for the next time I comment.