Meta Wolf acquires strategic assets of Deutsche Steinzeug

The agreement, signed on 13 June, will guarantee the continuation of production activities in all four factories owned by the German ceramic group.

Under the terms of an agreement signed on 13 June, Meta Wolf AG will acquire all strategic assets of the Deutsche Steinzeug Group, Germany’s largest ceramic tile manufacturer, operating with the two companies Deutsche Steinzeug Cremer & Breuer AG and Agrob Buchtal GmbH, four production plants and the Agrob Buchtal and Jasba brands. The value of the transaction, which is expected to close in the third quarter of 2024, was not disclosed.

The agreement guarantees the continued operation of all four production sites and the current product type, which is aimed at the architecture and project segment. The group’s management will stay on under the leadership of CEO Dieter Schäfer. At the same time, a review of Deutsche Steinzeug’s corporate fixed costs has been announced, including measures to optimise production and reduce the number of employees, currently standing at around 1,000.

The Meta Wolf Group invests in digital and ecological transformation projects in the construction industry and is concentrating on energy-intensive products that can be manufactured in a climate-neutral way using Meta Wolf Solar technology. Meta Wolf recently entered the ceramic sector with stakes in Boizenburg Solarceramics (formerly Boizenburg Fliesen) and Norddeutsche Solar Ceramics (formerly NordCeram, Steuler Fliesen Group).

“Our vision is to gradually electrify and thus decarbonise the production of tiles,” says Tom Wolf, founder and chairman of Meta Wolf. “This will not happen overnight, but is a long process in which we are investing heavily.”