BME Group (BME) and the shareholders of the Mahler Group have reached an agreement on the sale of its shares to BME. The Mahler Group, a leading general building materials and tiles distributor in Bavaria, has an attractive market position and stable financial profile thanks to its continued revenue growth and a strong margin profile. The sale of shares is still subject to approval by the relevant Competition Authorities and is expected to be completed in the course of 2021.
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 (General Builders Merchant) as well as Paulsen Gruppe, Detering, Bergmann & Franz (all Sanitary, Heating & Plumbing merchants).
Bauking is market leader in the North of Germany, generating revenues more than €1.1 billion with 67 of general building merchant locations and 51 DIY locations (operating under the ‘hagebaumarkt’ brand). With the acquisition of the Mahler Group, Bauking will expand its footprint to the South of Germany, into the region of Bavaria which is Germany’s largest economic area.
The Mahler Group operates under the brands Bauwaren Mahler, Mahler Bayerische Bauwaren, Mahler Fliesen & Glasbau, and Hillari Fliesencenter. The Group has a network of five branches and employs a total of 273 employees. Dr. Mahler, Managing Director, will retire following a hand-over period and Mr. Mauritz, Managing Director HR & Finance, will remain in place after the closing of the transaction.
Financial details of the transaction will not be disclosed.
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