The company has acquired FloPlast and Cork Plastics, accelerating its plans to transform into a full-range system provider and enhancing its portfolio of building and piping solutions.
As Ireland's leading designer and supplier of thousands of Home Heating Solutions each year, Pipelife will be complemented by the addition of both businesses, which immediately broadens its product portfolio to include rainwater, roofline and drainage products and allows it to become a full system provider for managed grey and storm water solutions in the residential sector.
This move also signals Wienerberger's strong commitment to investing in water management as part of its ESG (Environmental, Social and Governance) strategy, by integrating and combining technologies that enable smart managed stormwater solutions.
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Both FloPlast and Cork Plastics' combined workforce of 370 employees will contribute their expertise as full-range providers of "rain to drain" (rainwater and wastewater systems). These complementary products and capabilities further strengthen Pipelife's position in Ireland providing a strong platform for future growth.
Heimo Scheuch, Chairman of the Managing Board of Wienerberger AG, said: "FloPlast and Cork Plastics are excellent businesses that have a strong focus and experience in the RMI segment. They have a great product portfolio and highly experienced colleagues who will make sure to further grow our market position in the UK and Ireland. Whilst we see ample opportunity in the RMI segment, we are confident that our strong and established client relationships with the UK home builders will help us to unlock additional growth potential in the new build segment."
Wienerberger's acquisitions are a response to changing customer requirements for convenient, innovative and prefabricated design solutions, putting the company in a great position to provide smart inhouse water solutions and roof systems complemented by rainwater collection, drainage and soil as well as wastewater applications.
