Park Square Capital has completed the sale of Terreal, a European manufacturer of clay roof tiles and components, to Wienerberger, an Austrian listed building materials company.
The transaction includes Terreal’s core businesses in France, Italy, Spain, Germany and the US, which generated €725m in turnover in 2023.
Terreal is a pan-European specialist in residential roofing and is headquartered in France. The manufacturer employs more than 3,000 staff across 20 countries and has 28 production sites worldwide. According to a press release, Terreal has a strong market presence in France, Germany, Poland, Southeastern Europe, Italy and the US.
Park Square first invested in the company in 2010 through the acquisition of Terreal’s bank debt in the secondary market. After leading the restructuring of Terreal’s capital structure in 2013, Park Square became the largest institutional shareholder and supported several mergers and acquisitions including Creaton, a European specialist in clay roof tiles, in 2020.
