HERIGE : has entered into exclusive negotiations to acquire six concrete plants
December 02, 2019 at 03:08 am EST
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L'Herbergement, Monday, December 2, 2019 - 7:30 AM
HERIGE has entered into exclusive negotiations
to acquire six concrete plants
In line with its strategy of taking over external investments program dedicated to industrial performance, EDYCEM, concrete industry subsidiary of HERIGE, announces the start of exclusive negotiations with BHR to acquire six concrete plants in Sarthe (72) and Mayenne (53) in Western France
The acquisition will help strengthen HERIGE Group's geographical coverage and further its business development. The Concrete Industry business is a strong growth driver for the Group.
The BHR plants employ 35 people and generate a full-year turnover of approximately €10 million.
The acquisition is expected to be finalized by March 2020 at the latest, following consultation with employee representative bodies.
The Group will keep the market informed of the project's progress.
ABOUT HERIGE
HERIGE Group focuses on three sectors of the building industry: Building Materials Trading, the Concrete Industry and Industrial Joinery. Originally based in the Vendée region, HERIGE currently employs more than 2,300 people and has a strong presence in Western France.
HERIGE
Alain Marion - Chairman of the Executive Board
Caroline Lutinier - Head of Group Communication Tel.: +33 (0)2 51 08 08 08
Herige SA published this content on 02 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2019 08:07:07 UTC
HERIGE specializes in reselling framing and finishing materials and home improvement products. The group also produces concrete and industrial cut-wood products. Net sales break down by activity as follows:
- materials trading (53.2%): distribution of building materials for building and public works. At the end of 2022, the group had a network of 77 points of sale located in metropolitan France;
- sale of industrial cut-wood products (23.8%): external joinery (windows and doors in PVC, aluminum or wood), closures (roller shutters, gates and garage doors) and wooden structures (small farms, traditional frames and panels wood);
- sale of concrete (16.3%): industrial concrete, prefabricated concrete and ready-to-use concrete;
- other (6.7%).
HERIGE 
