August 7, 2017

Xella sells Business Unit Fels

Duisburg, 07 August 2017. Xella International S.A. (Xella) agrees to sell its business unit Fels to an industry buyer headquartered in Europe. The sale is subject to the approval of the competition authorities. The parties agreed not to disclose details of the transaction.

Fels is one of Europe´s leading suppliers of high quality lime and lime stone products with an excellent market position and huge raw-material reserves. Fels is headquartered in Goslar, Germany, and counts c1,000 employees in 13 locations in Germany, the Czech Republic and Russia. In fiscal year 2016, Fels generated revenues of 265 million Euros.
 
„Fels and its management team and the employees have delivered great results in the past years and contributed significantly to the success of Xella. We wish them all the best, and we are confident that their professionalism will continue to prove valuable. Today the company operates with high profitability and has an excellent market position. As an integral part of the new owner, a leading diversified international building materials group, Fels will be able to realize new earnings
and growth potentials,“ said Dr. Jochen Fabritius, CEO of Xella Group.
 
„Within our portfolio strategy Xella will focus on pan-European value add building material solutions with highly profitable growth and sustainability“, said Dr. Jochen Fabritius, CEO of Xella Group. In this context, Xella today announced the acquisition of URSA, a leading European insulation materials manufacturer.

 
Contact person for the press:
 
Xella International GmbH
Andrea Mittmann – Public & Investor Relations
Phone: +49 203 60880-5501
Email: andrea.mittmann@xella.com
 
 
About Xella
 
Xella Group is a leading, internationally operating solution provider of building materials and related industries, with sales of 1.33 billion euros (2016) and over 5,900 employees.  Xella is one of the pioneers in digitally supported building processes and will consistently follow the chosen profitable growth path.
 
Xella is headquartered in Duisburg/Germany, with 95 plants in 20 countries and sales organizations in more than 30 countries. In many of its market segments Xella holds a leading position.
 
The success of Xella is based on strong brands in the premium segment, a superior service portfolio, a solid business model, and systematically expanded cost leadership.
 
Xella’s products are sustainable both in manufacturing and use. Therefore, they make an important contribution to the construction of long-lasting, energy-efficient, and high-quality buildings, and thus to environmental protection and the conservation of resources.
 
Xella is led by an experienced management team including Dr. Jochen Fabritius (CEO) and
Dr. Jens Kimmig (CFO).
 
Further information on Xella Group can be found on the internet at: www.xella.com