Weyland GmbH has acquired 50% of shares in MIP Weyland from MIP Metal
- Member Grubisic & Partners
- Sector Industrials
- Date completed 22.08.1970
- Client MIP Metal
- Country Croatia
- Acquirer Weyland GmbH
- Country Austria
Founded in 1974, Weyland GmbH wholesales and distributes steel and metal. Headquartered in Austria, Weyland GmbH markets and manufactures building materials and fixing systems, fittings, derived timber products, carpentry and building supply, household and seasonal items, and electrical appliances. The Weyland Group has approximately 800 employees in 8 locations across Europe, while Weyland GmbH has more than 500 employees at the location in Austria. In the fiscal year 2019/2020, the Weyland Group generated EUR 496 million of sales revenue, of which EUR 386 million pertained to Weyland GmbH.
MIP Metal is headquartered in Croatia with more than 10 years of experience in trading and processing ferrous and non-ferrous metallurgy products. MIP Metal engaged in a joint venture with Weyland GmbH in 2010 and founded MIP Weyland. Each of the co-owners had a 50% stake in a newly established entity. MIP Weyland was primarily engaged in metal products wholesale, retail, and processing. In 2019 MIP Weyland has recorded EUR 11.5m of sales revenue with 22 employees.
In November 2020 Weyland GmbH signed an agreement with MIP Metal to acquire the remaining 50% share in their joint venture, making it 100% owner of MIP Weyland.
GRUBISIC & Partners acted as exclusive financial advisor to the management and shareholders of MIP Metal in the transaction process.
Find out how the Globalscope family can help you realise your business dreams.