Latham Advises Wienerberger AG on Its Strategic Acquisition of Terreal

Latham & Watkins has advised Wienerberger A.G., an Austrian provider of smart solutions for the entire building envelope and innovative infrastructure solutions listed on the Austrian Traded Index (ATX), on the contemplated acquisition of the businesses of Terreal located in France, Germany, Italy, Spain, and the USA, as well as the German and Benelux businesses of Creaton, acquired by Terreal in 2020. 

Over 150 years old, Terreal is a European supplier of innovative roof and solar solutions headquartered in France with 3,300 employees globally. The acquisition of the Terreal businesses would represent annual revenues of approximately €740 million in 2022.

The transaction, which is expected to close in the course of 2023, will be financed by cash-on-hand, bank loans, and Wienerberger Treasury stock and is subject to approval by the competition authorities. 

The Latham Paris team advised on the corporate French law aspects, led by partners Thomas Forschbach and Alexander Benedetti, with associates François Blanchet and Eliott Fourcade.