# Swisspearl Group acquires Cembrit

Swisspearl Group acquired Denmark's Cembrit, a fiber-cement producer headquartered in Aalborg. The acquisition is retroactively effective from January 1, 2023, and adds 1,400 employees to Swisspearl's workforce.

- Type: Acquisition
- Announced: 2023-10-02
- Where: Aalborg, Denmark
- Jobs: 1,400
- Status: completed
- Products: fiber-cement panels, cladding panels
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Swisspearl](https://endata.com/companies/24252.md) (acquirer)
- [Cembrit](https://endata.com/companies/62836.md) (target)

## Sources

- [jpcorrysolutions.com](https://www.jpcorrysolutions.com/swisspearl-group-expands-global-footprint-with-cembrit-acquisition/), 2023-10-02: "This strategic acquisition, deemed a heavyweight in the fiber-cement sector, is poised to reshape the industry landscape."

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