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.
- 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.
- 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.
With this acquisition, Terreal formalizes its leading position in the European clay tile market.