Building specialist snapped up by Austrian rival
Building Products Design (BPD), the Sale-based specialist in roofing ventilation and construction membranes, building ventilation and specialist building products, has been acquired by Austrian multinational Wienberger for an undisclosed sum.
BPD, which was founded more than 30 years ago, also has manufacturing sites in Nottingham and Wales.
The Austrian business said the deal will further expand its roof accessory offering and complement its existing roof product portfolio in the UK and Europe.
It said BPD will become a centre of excellence for innovative roofing solutions within Wienerberger and will be tasked with developing innovative solutions designed to be implemented and sold across the broader Wienerberger network, leveraging the combined regional strengths and product expertise.
A growing business, BPD most recently generated annual revenues of roughly £30m and has more than 200 staff.
In the UK, Wienerberger currently operates a total of 14 manufacturing plants and employs a workforce of 1,200 people.
Chief executive Heimo Scheuch said: “The UK is one of the strongest and most innovative markets for roofing products, and a key growth area for us as a business.
“The acquisition of BPD will strengthen our own position as a full-range roof systems supplier thanks to their reputation for innovation and production expertise.”
He added: “BPD’s specialist roof accessories are a perfect fit with our existing roof portfolio, helping to fuel future growth throughout the UK and Europe.
“There is also a great synergy between the core values we share as companies, such as a focus on innovation, technical expertise and quality of customer service.”
A team at KPMG advised BPD on the deal.
Giles Taylor, corporate finance partner at KPMG, said: “This is an important transaction for the building products sector, and is a leading example of continuing global interest in quality British businesses.
“BPD has achieved fantastic growth since it was founded in 1981 and its success is testament to the hard work and commitment of both the shareholders and the management team over the past 38 years.
“We look forward to seeing BPD continue to thrive under the ownership of Wienerberger.”
BPD was advised by KPMG (Giles Taylor, Andrew Jordan, Sarah Bannister and Hannah Taylor) and DWF (Jonathan Robinson and Matthew Judge).
