# 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.

- Type: Acquisition
- Announced: 2019-02-18
- Where: Sint Lenaarts (Brecht), Antwerp, Belgium
- Value: $11.2M (9.90M EUR)
- Status: announced
- Capacity: 19.5 million bricks per annum
- Products: clay bricks
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Michelmersh Brick Holdings](https://endata.com/companies/25478.md) (acquirer)
- [Floren & Cie](https://endata.com/companies/37404.md) (target)
- [Michelmersh](https://endata.com/companies/37407.md) (acquirer)
- [Floren](https://endata.com/companies/37408.md) (target)

## Sources

- [jamessharp.co.uk](https://www.jamessharp.co.uk/market-news/michelmersh-brick-holdings-plc-acquisition-of-floren-cie-proposed-placing-of-new-ordinary-shares-to-raise-50-million/), 2019-02-18: "The strategic acquisition will enhance Michelmersh's product portfolio, significantly increase the Group's overall output and provide a foothold in new European markets."
- [mbhplc.co.uk](https://www.mbhplc.co.uk/blog/2019/02/18/michelmersh-expands-premium-product-range-floren-acquisition/), 2019-02-18: "Floren, a highly acclaimed family owned brick company from Brecht, Antwerp, Belgium has been acquired by Michelmersh to form an integral new brand amongst the Group’s renowned premium ranges."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.