BME Group acquires Heinrichs Fliesenmarkt, further strengthening its tiles competencies in Northern Germany
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 acquires Bouwpunt Van der Gucht to strengthen its footprint in building materials in Flanders
BME Group (BME) and the shareholders of Bouwpunt Van der Gucht have reached an agreement on the sale to BME. Van der Gucht is a distributor of building materials located […]
BME Group acquires the activities of ironmongery merchant Van Engeland in the Netherlands
On 11 November 2022, BME Group (BME) and Van Engeland have reached an agreement on the sale of their ironmongery activities to BME. With the acquisition, BME will densify its […]
BME Group entered exclusive negotiations with BVP-Socca to further strengthen its Infrastructure activities in the North of France
BME Group (BME) and the shareholders of BVP-Socca announce that they have entered exclusive negotiations to acquire the shares of BVP-Socca. Simultaneously, BVP-Socca announces having entered into exclusive negotiations to […]
BME Group acquires the activities of ironmongery merchant GBI Jacob Bakker in the Netherlands
On 1 September 2022, BME Group closed the acquisition of the activities of GBI Jacob Bakker BV, an ironmongery merchant in the east of the Netherlands. BME is one of […]
BME Group reports continued strong profitable growth in first half year of 2022
Financial results H1 2022 versus H1 2021• Revenue increased by 30.4% to reach €2,675 million• Normalized EBITDA increased by 33.6% to €225 million• Normalized EBITDA margin increased from 8.2% to […]