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Sievert Group takes over Schwenk Putztechnik

Sievert, the Osnabrück, Germany-based construction materials group, has acquired Ulm-based Schwenk Putztechnik from Schwenk Zement for an undisclosed sum. Schwenk Putztechnik has 360 staff and generates annual sales of around €100 million. It produces plaster and mortar products and thermal insulation composite systems.
July 8, 2015 Read time: 1 min

Sievert, the Osnabrück, Germany-based construction materials group, has acquired Ulm-based Schwenk Putztechnik from 6519 Schwenk Zement for an undisclosed sum.

Schwenk Putztechnik has 360 staff and generates annual sales of around €100 million.

It produces plaster and mortar products and thermal insulation composite systems.

Schwenk Putztechnik will be integrated into Sievert's Quick-Mix unit and will continue operations under the name of Quick-Mix Putztechnik.

The Schwenk Putztechnik brand will be kept. Thanks to the acquisition, Sievert Group's annual sales will rise to more than €400 million, and the acquisition helps Sievert expand its presence in southern Germany.

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