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Schoenherr Advises Wienerberger on Acquisition of Vargon

Schoenherr Advises Wienerberger on Acquisition of Vargon

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Schoenherr has advised Wienerberger on its acquisition of Vargon. Buterin & Partneri reportedly advised the sellers on the deal.

The transaction remains contingent on regulatory approval.

Wienerberger is an international supplier of building materials and infrastructure solutions, offering products for new build, renovation, and infrastructure. The company has been listed on the Vienna Stock Exchange since 1869 and is a pure free float company, with 100% of the shares held in free float.

Vargon is a provider of in-house solutions for water applications and water discharge systems in Croatia. Operating from its production site near Rijeka, the family business with about 250 employees generated revenues of EUR 24.4 million in 2021.

According to Schoenherr, “with this acquisition, Wienerberger is entering the Croatian market with a production site of its own and strengthening its presence in South-Eastern Europe. This enables Wienerberger to supply not only Croatia, but also the South-Eastern European markets from its regional production. Goran Brasnic, the current CEO and shareholder, retains a 20% stake in Vargon.”

Schoenherr’s team included Partners Christoph Haid and Luka Lopicic, Local Partner Vice Mandaric, Attorneys Petra Santic, Ksenija Sourek, Dina Vlahov Buhin, Kresimira Kruslin, Ana Mihaljevic, and Zoran Soljaga, and Associates Lucija Krznar and Alan Vuckovecki.