Closing of the acquisition of Creaton

/ Corporate /

31 December 2020

Following the lifting of suspensive conditions, Terreal was able to close the acquisition of Creaton, a German clay tile manufacturer, on December, 31 2020.

This structuring transaction represents a major acceleration in the deployment of the Group's internationalization strategy.

The joint forces of Terreal and Creaton will enable us to :

     

  • Extend our reach across Europe and the world. Terreal is a leader in France while Creaton is the n°1 clay roof tiles manufacturer in Germany and Poland. This merger significantly increases our strenghts in Belgium, Italy and Eastern Europe and favours our opportunities for global growth.
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  • To combine stability and dynamic growth. Our leading positions in the French and German markets are strengthened by this alliance, which also offers potential for rapid expansion, particularly in Eastern Europe.
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  • To expand and diversify our product ranges. Clay roof tiles remain the core business of Terreal and Creaton, but the opportunity to conquer new customers and markets is now available.
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With this acquisition, Terreal formalizes its leading position in the European clay tile market.

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