Sale to Lone Star successfully completed
The sale of the Xella Group to Lone Star, announced on 01.12.2016, was comp-leted at 11.04.2017. The parties agreed not to disclose details of the transaction.
After a strategic realignment and the successful completion of its cost reduction program “X-celerate”, Xella has embarked on a very positive growth trajectory in terms of volume and profitability. The company already significantly increased its revenues and earnings in 2016.
Xella had a good start to the 2017 financial year. In January, the company refinanced itself at attractive terms. The new financing gives Xella a high degree of flexibility to systematically exploit future growth opportunities.
For 2017, Xella expects further revenues and earnings growth. “Xella is on a growth path. Our strategic initiatives are taking effect,” says Dr. Jochen Fabritius, CEO of the Xella Group. “Xella has become even more customer-focused. We sustainably optimized our production, abandoned our focus on volume, and have pushed through price increases in nearly all countries. We want to continue to grow on this strong operating basis and further strengthen Xella through selected M&A activities,” adds Fabritius.
Another top priority is the company’s digital transformation. “Xella will resolutely push forward its digital transformation with four targeted initiatives. We want to create more streamlined processes and even better solutions for our customers.”
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