Michelmersh acquires Floren & Cie for EUR 9.9 million

Michelmersh Brick Holdings has acquired the entire issued share capital of Floren & Cie, a Belgian clay brick manufacturer, for a maximum consideration of EUR 9.9 million. The acquisition enhances Michelmersh's product portfolio and provides a foothold in new European markets.

“The strategic acquisition will enhance Michelmersh's product portfolio, significantly increase the Group's overall output and provide a foothold in new European markets.”jamessharp.co.uk

• 2 sources
• jamessharp.co.ukMichelmersh Brick Holdings Plc - Acquisition of Floren & Cie & Proposed Placing of new Ordinary Shares to raise £5.0 million February 18, 2019adminFeb 18, 2019
• mbhplc.co.ukMichelmersh expands premium product range with Floren acquisition - MBH PLCimpact-adminFeb 18, 2019

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