BME Group announces that it has reached an agreement to acquire Heinrichs Fliesenmarkt, a tiles distributor operating two branches in Northern Germany. The acquisition further builds out BME Group’s tiles competencies in Germany, where the company is one of the leading Sanitary, Heating and Plumbing (SHAP) distributors.
Tiles specialist ‘Heinrichs Fliesenmarkt’ will be bolt-on to the Paulsen business in the North of Germany, allowing it to offer complete bathroom solutions, similarly to the Bergmann & Franz business in the greater Berlin area. With the acquisition of Heinrichs Fliesenmarkt, BME Group takes another step in expanding its tiles competencies across Europe.
Heinrichs Fliesenmarkt is owned and managed by its founder Mr Heinrich Drews. The company employs a total of 26 people. Mr Heinrich Drews will retire after a handover period and the company will then be managed directly by the Paulsen management team.
BME is one of Europe’s leading building material distribution companies and active in Germany under the brands Bauking and Mahler (distributors of general building materials) as well as Paulsen Gruppe, Detering, Bergmann & Franz (distributors of Sanitary, Heating & Plumbing materials).
Financial details of the transaction will not be disclosed.
BME Group strengthens its footprint in the South of Paris with the acquisition of two branches from UMHS
BME Group (BME) and the shareholders of UMHS have reached an agreement on the sale of two of their branches to BME. The branches are located in the Southern part […]
STRONG FULL YEAR PERFORMANCE, DRIVEN BY CONTINUED DELIVERY ON STRATEGIC INITIATIVES, MARKET GROWTH AND SUCCESSFUL M&A EXECUTION
Financial results FY 2021 versus FY 2020: Revenue increased by 17.1% to €4,550 million Normalized EBITDA increased by 34.2% to €381 million Normalized EBITDA margin increased by 110bps to 8.4% […]
BME Group expands footprint in building materials in the Netherlands with the acquisition of Bouwcenter Nelemans
BME Group (BME) and the shareholders of Nelemans Combinatie B.V. (Nelemans) have reached an agreement on the sale of its shares to BME. Nelemans is a distributor of building materials […]
BME Group (BME) and the shareholders of Mager have reached an agreement on the sale of Mager to BME. Mager operates four locations, two of which are situated in inner […]
BME Group (BME) and the shareholders of Induscabel have reached an agreement on the sale of the activities of Induscabel to BME. Induscabel is a distributor of Heating and Bathrooms […]