acquisition of Porenbetonwerk Laussnitz

Carnegie acted as exclusive financial adviser to H+H International

H+H International has today announced the signing of its acquisition of 51% of Porenbetonwerk Laussnitz (“PBWL”) from existing shareholders. The existing shareholders will remain co-shareholders.

PBWL is located in the Eastern part of Germany, 25 km North of Dresden, from where it produces and sells autoclaved aerated concrete (“AAC”) units to the German market. The acquisition is in line with H+H International’s announced strategy to expand its activities within the wall building materials market in Germany.

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