Ceramic industry

Austria's Wienerberger wins Italcer jewel

To the Vienna-based giant the majority of the Italia group and the option to purchase all shares that can be exercised by 2027

by Lello Naso

2' min read

Translated by AI
Versione italiana

Key points

  • Wienerberger is the world leader in bricks and building materials
  • Italcer, founded in 2017, is one of Italy's largest ceramic manufacturers
  • The transaction will be finalised by the second quarter of 2026

2' min read

Translated by AI
Versione italiana

Austria's Wienerberger, a leading provider of innovative and environmentally friendly solutions for the construction industry conquers Italcer, one of the jewels of ceramics made in Italy controlled by Mindful Capital Partners and Miura Partners and led by Graziano Verdi.

Graziano Verdi ( Imagoeconomica)

Italcer, founded in 2017, closed 2025 with a turnover of 350 million and an Ebitda of 75 million. The employees are about 1,200, the production facilities twelve, in Italia and Spain.

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The deal will be finalised in the second quarter of the year and involves the acquisition by Wienerberger of 50 per cent plus one share with an option to purchase outright by the first half of 2027.

The deal brings Italcer into one of the world's leading construction groups.

Wienerberger, founded in 1819, is the leading supplier of building material and infrastructure solutions and the biggest brick manufacturer in the world. It is the market leader in all its business segments.

Alberto Forchielli (Imagoeconomica)

In 2025, the group increased revenues to EUR 4.6 billion (EUR 4.5 billion in 2024) with an Ebitda of EUR 754 million (down slightly from EUR 760 million in 2024) and a margin of 16.5%.

Profit after tax doubled to EUR 168 million.

Cash flow reached the second highest level in the company's history, at EUR 474 million. Wienerberger further reduced net debt with leverage to 2.2 at the end of 2025 (in 2024 it was 2.3).

It was precisely the liquidity and debt reduction that opened the door to an acquisition strategy of which Italcer could be the first step.

"With the entry of Wienerberger as a controlling shareholder," says Italcer CEO Graziano Verdi, "our company strengthens its position and looks forward to a five-year period of strong growth as it strengthens its presence in key markets such as the US.

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