Tiroler Röhren- und Metallwerke AG / Buderus Giesserei Wetzlar GmbH

European market leader for special pipes for fresh water systems, pipes for snow making equipment, and foundation piles; quality leader and current number 2 in the European cast iron pipe business

In December 2007, Buy-Out Central Europe II (Buy-Out CE II) assumed control of the cast iron pipe division of Tiroler Röhren- und Metallwerke AG (A) and Buderus Giesserei Wetzlar GmbH (GER) in a classic buy-out from the German Buderus Foundry Management S.ar.L. The goal of Buy-Out CE II, in cooperation with the existing group management, is to align with previous successes, to further expand the market position and to take advantage of additional market opportunities in the CIS-countries and Eastern Europe.

Related to the intensive development of the Eastern European markets, besides the manufacturing facilities in Hall and Wetzlar, which Buy-Out CE II plans to hold on to in any case, and expand as required, an additional plant in Russia is planned. It is also quite possible that the business group will be an attractive candidate for a public offering in the near future.