Braas Monier Building Group
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|Headquarters||Luxembourg City, Luxembourg|
|Products||Roofing materials, chimney and ventilation systems|
|Revenue||1,211 million euros (2014)|
|105.6 million euros (2014)|
|39.8 million euros (2014)|
|Total equity||92.9 million euros (2014)|
Number of employees
According to its own figures, in 2014 the Group had 109 plants in 27 countries, 7,300 employees, and revenues of 1,211 million euros.
The company’s history dates back to 1919, when the British company Redland was founded. In 1954 Braas started production of its “Frankfurter Pfanne” at the plant in Heusenstamm near Frankfurt/Main in Germany. In 1997 the Roofing activity became a Division of the Lafarge Group.PAI Partners, a private-equity investor, purchased a majority stake in the Lafarge Roofing Division in March 2007. At the beginning of 2008, the company began operating under the name of Monier. From 2009 the Monier Group was owned by a number of institutional investors and banks.
Initial public offering
At the beginning of 2014 the Group was renamed Braas Monier Building Group, and the Luxembourg-registered company went public in 2014, its first listing on the Frankfurt Stock Exchange being on Wednesday 25 June 2014. It was the fourth, and then largest, German public offering of the year, with a total volume 470 million euros, or 541 million euros including the greenshoe; the company was the market leader in Germany, with a market share of 28 per cent for tiled roofing.
The company manufactures various concrete and clay roofing tiles for pitched roofs. One of the most popular tile designs in Germany is the "Frankfurter Pfanne" (Frankfurt tile), which was introduced to the market by Braas in 1954.
Other roofing components include underlays, ridge and hip seals, roof outlets, abutments, snow and safety systems as well as gutters, valleys, eaves, fixings and roof windows. In 2009 Braas Monier also launched an insulation portfolio for pitched roofs. The company is also active in the photovoltaic and solar thermal business and markets solar fixings.
The group also sells complete roofing systems incorporating design features and/or components aimed at adding functionality, such as energy efficiency. For example, in Malaysia, Monier sells a construction that is used together with components such as radiant barriers. This is designed to stop buildings from overheating in the tropical climate, thereby reducing the need for air conditioning.
The Group owns several brands, including:
- Braas (Germany, Poland, Russia, Switzerland, Italy, Turkey)
- Coverland (South Africa)
- Monier (various countries in Europe and Asia Pacific)
- Redland (UK)
- Schiedel (25 countries across Europe)
- Wierer (Italy)
- "Braas Monier Building Group Annual Report 2014" (PDF). Retrieved 25 June 2015.
- "Größter Börsengang ganz klein: Braas Monier bekommen aufs Dach" [Biggest IPO off to weak start: Roofing company Braas Monier takes hit]. n-tv (in German). 25 June 2014. Retrieved 25 June 2015.
- "Grösste Neuemission des Jahres: Schwacher Börsenstart für Braas Monier" [Biggest IPO of the year: Weak start for Braas Monier]. Handelsblatt (in German). Reuters. 25 June 2014. Retrieved 25 June 2015.
- "Braas Monier: Die Ziegel-Aktie verspricht einen Anteil am Bauboom" [Braas Monier: The roof tile share promises a share in the building boom]. Die Welt (in German). 11 June 2014. Retrieved 25 June 2015.