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Heidelberg Materials acquires Berlin-based RWG Holding from ADCURAM

Photo: Henry Bricken­kamp, Part­ner at ACURAM
26. Novem­ber 2022

Munich / Berlin — Heidel­ber­ger Sand und Kies GmbH, a subsi­diary of Heidel­berg Mate­ri­als (Heidel­berg­Ce­ment), will acquire Berlin-based RWG I Holding GmbH from ADCURAM Group GmbH as of Janu­ary 1, 2023, subject to the appro­val of the anti­trust autho­ri­ties. RWG I Holding GmbH is a leading company in the field of demo­li­tion and buil­ding mate­ri­als recy­cling with other comple­men­tary busi­ness areas. With three attrac­tive loca­ti­ons in Berlin and 250 employees, the company gene­ra­tes more than 50 million euros in sales per year. — POELLATH provi­ded compre­hen­sive legal and tax advice to ADCURAM in connec­tion with the sale.

Chris­tian Knell, Spokes­man for Heidel­berg Mate­ri­als Manage­ment Germany, says: “With the purchase of RWG, Heidel­ber­ger Sand und Kies GmbH is streng­t­he­ning its two-pron­­ged raw mate­ri­als stra­tegy in the grea­ter Berlin area. In addi­tion to primary mine­ral raw mate­ri­als, recy­cled aggre­ga­tes, among other things for the produc­tion of recy­cled concre­tes, can be incre­a­singly offe­red in the future. Our long-term goal is to estab­lish a circu­lar economy and thus give prio­rity to the use of recy­cled aggre­ga­tes over primary raw mate­ri­als in the manu­fac­ture of our products.”

Heidel­ber­ger Sand und Kies Mana­ging Direc­tor Thomas Witt­mann adds, “RWG, with its market presence and good repu­ta­tion in the indus­try, is an excel­lent fit for us and will help us meet the incre­a­sed demand from our custo­mers for sustainable buil­ding mate­ri­als in the grea­ter Berlin area.”

ADCURAM had acqui­red the RWG Group in 2019 as part of a succes­sion solu­tion and in recent years had built up the manage­ment team, profes­sio­na­li­zed the repor­ting and finan­cial struc­tures, and made an acqui­si­tion before the end of 2022 to streng­t­hen its growth potential.

Henry Bricken­kamp (photo © ADCURAM), Mana­ging Direc­tor at ADCURAM and opera­tio­nally respon­si­ble for the RWG Group, sees the tran­sac­tion as a confir­ma­tion of the manage­ment team: “The mana­ging direc­tors of the RWG Group have steadily expan­ded their market posi­tion in their respec­tive areas and signi­fi­cantly profes­sio­na­li­zed the company. The company is there­fore the clear market leader in Berlin.” Broder Abra­h­am­sen, also ADCURAM’s Mana­ging Direc­tor, added: “We are deligh­ted to have found a renow­ned part­ner for RWG in Heidel­berg Mate­ri­als, which will keep the company on the road to success.”

About Heidel­berg Materials

Heidel­berg Mate­ri­als is one of the world’s largest inte­gra­ted manu­fac­tu­rers of buil­ding mate­ri­als and solu­ti­ons, with leading market posi­ti­ons in cement, aggre­ga­tes, and ready-mix concrete. The company has more than 51,000 employees at almost 3,000 loca­ti­ons in over 50 coun­tries. Around 4,200 employees work in Germany. Heidel­berg Mate­ri­als is working on sustainable buil­ding mate­ri­als and solu­ti­ons for the future as a pioneer on the path to CO2 neutra­lity and a circu­lar economy in the buil­ding mate­ri­als indus­try. Heidel­ber­ger Sand und Kies GmbH is a subsi­diary of Heidel­berg Mate­ri­als and opera­tes 40 sites across Germany with around 450 employees. www.heidelbergcement.de

About ADCURAM

ADCURAM is a priva­tely owned indus­trial group. ADCURAM acqui­res compa­nies with poten­tial and deve­lops them actively and sustainably. For the future growth of the Group, the capi­­tal-strong indus­trial holding company has a total of 300 million euros avail­able for acqui­si­ti­ons. With the help of its own 40-strong team of experts, the indus­trial holding company conti­nues to deve­lop the port­fo­lio compa­nies stra­te­gi­cally and opera­tio­nally. Toge­ther, the Group gene­ra­tes sales of around 800 million euros world­wide with nine holdings and more than 4,500 employees. ADCURAM sees itself as an entre­pre­neu­rial inves­tor and invests in succes­sion plans and corpo­rate spin-offs. www.adcuram.com

Consul­tant ADCURAM: POELLATH

Dr. Frank Thiä­ner (Part­ner, Lead Part­ner, M&A/Private Equity)
Dr. Tim Jungin­ger, LL.M. (Coun­sel, Lead Part­ner, M&A/Private Equity)
Gerald Herr­mann (Part­ner, Taxes)
Dr. Domi­nik Gerli­cher (Senior Asso­ciate, M&A/Private Equity)
Till Schwich­ten­berg (Senior Asso­ciate, M&A/Private Equity)
Torben Busch (Asso­ciate, M&A/Private Equity)
Jannis Lührs (Asso­ciate, Tax)

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