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ADM Capital sells Brikston Construction Solutions to Wienerberger AG

ADM Capital, an international private equity fund, acquired a 98 per cent stake in Brikston Construction Solutions (Brikston) in July 2014 and has agreed to sell its full shareholding to Wienerberger AG of Austria.

2017-10-17 12:00:07

Established in 1967 as a state entity and privatized in 1994, Brikston is a leading brick producer in Romania. Brikston serves the Romanian construction industry with a wide product portfolio consisting of hollow bricks, full bricks, facade and decorative products in various colours and dimensions. Headquartered in Iasi, the company generated sales of around 16 million Euro in 2016 with its large distribution network targeting most of Romania as well as exports to Republic of Moldova and Ukraine.

ADM Capital acquired Brikston in July 2014 and has improved operating profit by more than 60 per cent during its three years of ownership.

The completion of the transaction is subject to approval by the competition authority; pending such approval, the two companies will continue to conduct their businesses separately. It has been agreed not to disclose the purchase price.



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