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Pipelife acquires Instaplast a.s.

June 2008: Pipelife, one of Europe`s leading producers of plastic pipe systems, acquires Instaplast Praha a.s. in Czech Republic. The parties have agreed not to disclose any information on the purchase price for this transaction. The contract is subject to any possible approvals to be rendered by public authorities.

Instaplast is headquartered in Prague, Czech Republic. The company is specialized in premium hot and cold plastic pipe systems for Eastern Europe, which is a very fast growing market segment. Apart from the Czech Republic, the company is supplying its systems to Bulgaria, Russia and the Ukraine. In 2007 Instaplast Praha a.s. had 94 employees which accounted for a turnover of approximately EUR 11 million.

The CEO of the group, Miguel Kohlmann, explained: “This Acquisition will further develop Pipelife’s leading market position in Eastern Europe. Through Instaplast’s high quality and competitive product range, Pipelife will further complete its product offering, especially in one of the fastest growing market segments, which are Hot and Cold water applications. Our customers will strongly benefit from this acquisition”.

Norbert Speiser, COO Central and Eastern Europe, added: “With the acquisition of Instaplast, Pipelife is taking over a leading company in the Czech Republic and many other Eastern European countries in this market segment, whose products are perfectly complementing our own product range. This step is another milestone for the strategic development of the Group in the Central and Eastern European Markets”.

The Pipelife Group is a 50/50 JV between Wienerberger and Solvay. It is one of Europe’s leading Plastic Pipes and Fittings groups. It is now active in 29 countries and operates 30 factories with 2,900 employees achieving pro-forma sales of 876 mEUR in 2007.