Wienerberger to acquire controlling stake in Gruppo Italcer in €350m revenue deal

Wienerberger AG, the Vienna-based international provider of building materials and infrastructure solutions, has reached an agreement to acquire a controlling interest in Gruppo Italcer. The Italian-headquartered company is a leading global manufacturer of premium ceramic products with production sites in Italy and Spain, employing nearly 1,200 people and reporting revenues of approximately €350 million in 2025.

The transaction involves the acquisition of a 50 per cent plus one share stake from the current owners, including private equity firms Mindful Capital Partners (MCP) and Miura Partners, alongside their co-investors. The deal structure includes a call option for Wienerberger to acquire the remaining shares in the first half of 2027, facilitating a full exit for the sellers. This strategic move allows Wienerberger to significantly expand its presence in the high-end ceramics market, integrating Italcer’s industrial portfolio into its global facade, roofing, and wall-building materials network.

E+H acted as lead counsel for Wienerberger, spearheading contract negotiations and coordinating a multidisciplinary, multi-jurisdictional legal team. The E+H team was led by partner Josef Schmidt and associate Alina Holzer. In Italy, Wienerberger was supported by ADVANT Nctm under the direction of Matteo Trapani and Filippo Ughi, while Cuatrecasas provided assistance in Spain.

Merger control aspects of the transaction were managed by ADVANT Beiten partners Uwe Wellmann and Christoph Heinrich in Germany, while E+H partners Dieter Thalhammer and William Redl handled the parallel filing in Austria.

Giovannelli e Associati advised the sellers on the tax profiles and overall legal structuring of the transaction, with a team led by partner Diego De Francesco and counsel Andrea Tognon and Elisa Resmini, while Legance also provided legal representation for the selling parties in Italy.

The closing of the initial majority acquisition is expected by the end of April 2026, subject to customary regulatory approvals.