Low and Bonar acquires Xeroflor International GmbH

摘要

Low & Bonar PLC, the international performance materials group, announces that it has purchased the business of Xeroflor International GmbH from Mr Wolfgang Behrens for €5,950,000 in cash. Xeroflor is an innovative business with a strong position in the fast growing green roofing market, based in Germany. Its core activity is in the design and supply of value-added pre-vegetated mats used in green roof construction in both new and refurbished buildings. These solutions are supported by patents which Xeroflor licenses to regionally based growers. Xeroflor also supplies other key functional components in green roofing systems to a network of customers globally. High profile examples of Xeroflor roofs are at the Vancouver Convention Centre in Canada, the Ford Motor Company's truck assembly plant in Michigan, the Aldi logistics centre in St. Augustin, Germany and the Kastrup power plant in Denmark.