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euro adhoc: Wienerberger AG
Wienerberger acquires third largest brick producer in Great Britain (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Wienerberger AG (Vienna Stock Exchange: WIE, Reuters: WBSV.VI,
Bloomberg: WIE AV), the world's largest producer of bricks, has
signed a contract to acquire "thebrickbusiness" (TBB), the leading
independent brick manufacturer in Great Britain. This transaction
will make Wienerberger number three on the British market after CRH
and Hanson. "The TBB acquisition represents a strategically important
development for us", commented Wolfgang Reithofer, CEO of
Wienerberger AG, on this investment. "The acquisition will
significantly expand our position and increase our share of the UK
market from the current level of 3 to 17%, making us one of the
leading brick suppliers in the country." The purchase price for TBB
will total £ 90.3 million (EUR 132.4 mill.), including debt.
"Thebrickbusiness" has a presence in all key regions of the country
with nine plants, and offers an extensive line of extruded and
machine moulded bricks with a total capacity of 340 million UK brick
units. TBB employs 680 people and recorded revenues of £ 64 million
(EUR 93.8 mill.) and EBITDA adjusted for non-recurring items of £
16.5 million (EUR 24.2 mill.) during the 2003/2004 Business Year.
Wienerberger will also acquire a plant in Ockley, which is currently
on extended shut-down but of major strategic importance because of
its large raw material reserves and close proximity to London. The
purchase price for the Ockley plant has been set at £ 8.6 million
(EUR 12.6 mill.) and a further £ 4 million (EUR 5.9 mill.) will be
invested in conversion and optimization measures.
"The TBB acquisition meets the strict criteria for our profitable
growth course, which calls for a minimum CFROI of 17% in the third
year for projects in new markets. This strategy will allow us to
continually increase the value of Wienerberger", commented Wolfgang
Reithofer.
For additional information see the press release at
www.wienerberger.com
end of announcement        euro adhoc 27.09.2004

Further inquiry note:

Thomas Melzer
Public and Investor Relations
T +43(1)60192-463 | communication@wienerberger.com

Branche: Building materials
ISIN: AT0000831706
WKN: 083170
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing

Original content of: Wienerberger AG, transmitted by news aktuell

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