UK markets close in 3 hours 58 minutes
  • FTSE 100

    7,171.55
    -140.77 (-1.93%)
     
  • FTSE 250

    18,583.63
    -455.16 (-2.39%)
     
  • AIM

    878.16
    -15.16 (-1.70%)
     
  • GBP/EUR

    1.1642
    +0.0036 (+0.31%)
     
  • GBP/USD

    1.2103
    -0.0019 (-0.16%)
     
  • BTC-GBP

    15,762.02
    -837.62 (-5.05%)
     
  • CMC Crypto 200

    407.71
    -31.95 (-7.27%)
     
  • S&P 500

    3,818.83
    -2.72 (-0.07%)
     
  • DOW

    31,029.31
    +82.32 (+0.27%)
     
  • CRUDE OIL

    109.20
    -0.58 (-0.53%)
     
  • GOLD FUTURES

    1,811.80
    -5.70 (-0.31%)
     
  • NIKKEI 225

    26,393.04
    -411.56 (-1.54%)
     
  • HANG SENG

    21,859.79
    -137.10 (-0.62%)
     
  • DAX

    12,640.18
    -363.17 (-2.79%)
     
  • CAC 40

    5,863.69
    -167.79 (-2.78%)
     

Fibre cement maker Swisspearl Group acquires Denmark's Cembrit

·1-min read

ZURICH (Reuters) - Swiss fibre cement maker Swisspearl Group said on Monday it was acquiring Denmark's Cembrit for an undisclosed sum, saying it was creating the second-largest fibre cement producer in Europe.

Swisspearl Group, which is wholly owned by the Bernhard Alpstaeg family and currently employs about 1,200 people, is acquiring Cembrit retroactively from Swedish investment company Solix as of Jan. 1, it said in a statement.

Cembrit employs about 1,400 people and serves mostly the Nordic countries as well as Ireland and Britain, complementing Swisspearl's presence in Switzerland, Austria and Slovenia, said the Swiss group known for its Eternit brand.

Fibre cement is a composite building and construction material used in roofing and facade products because of its strength and durability.

(Reporting by Silke Koltrowitz; editing by David Evans)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting