BME Group acquires Gebhardt Bauzentrum, further expanding its footprint in South of Germany
Press release 11 January 2023
With the acquisition of Gebhardt, we further strengthen our footprint towards the South of Germany as it connects the network of BAUKING with Mahler which was acquired mid-2021.
BME Group (BME) and the shareholders of Gebhardt Bauzentrum (Gebhardt) have reached an agreement on the sale of Gebhardt. With seven large branches located across Franconia and the Rhine-Main-Area, Gebhardt is a leading distributor of building materials in Northern Bavaria, headquartered in Marktheidenfeld.
Gebhardt offers a comprehensive product portfolio of building materials with a focus on structural engineering, interior finishing, roofing, as well as garden & landscaping products. The company employs a total of 292 employees. Gebhardt’s Managing Directors Bernd Ullrich and Kai Lerch will continue to lead the business.
“With the acquisition of Gebhardt, we further strengthen our footprint towards the South of Germany as it connects the network of BAUKING with Mahler which was acquired mid-2021,” says Remco Teulings, Group CEO. “This acquisition of a well-performing company is at the heart of our growth strategy, adding significant scale within one of our core markets. It enables us to service our customers better and more efficiently within the region. We are very happy to welcome our new colleagues to our Group, a great addition for our German team”.
BME is one of Europe’s leading building material distribution companies and active in the distribution of building materials in Germany under the brands BAUKING and Mahler (General Building Materials) as well as SHK Deutschland (Sanitary, Heating & Plumbing Materials).
BAUKING is market leader in the north of Germany, generating revenues of more than €1.2 billion (2021) with 72 general building materials locations and 50 DIY locations (operating under the ‘hagebaumarkt’ brand).
The acquisition of Gebhardt is the 7th acquisition in Germany since BME became an independent company in 2019, and the 26th acquisition across the Group.
The transaction is still subject to approval by the relevant competition authorities and is expected to complete in the first half of 2023. Financial details of the transaction will not be disclosed.