Wagners cements an ASX listing



Wagners cements an ASX listing - Dec 08 2017

Henry Wagner, patriarch of the Wagner family, is tipped to ring the 'bell' as Wagners Holding Company lists on the Australian Stock Exchange (ASX) at 1.30pm (AEDT) today (Friday, December 8).

New investors will own 45 per cent of the 28-year old, Toowoomba-based construction materials and new generation building products company after subscribing for 72.6 million shares at $2.71 raising about $197 million.

Wagners Holding Company has an indicative market capitalisation of $437 million at the offer price of $2.71.

Funds raised under the offer have increased the Company's financial flexibility to capitalise on growth opportunities both nationally and overseas.

"We are very excited to welcome a more diverse group of shareholders to the Company.

"We've gone to market so we can access different streams of capital to further enhance the growth opportunities for the Company. The listing will enhance our ability to take our Composite Fibre Technology products and our Earth Friendly Concrete technology to the world," said Wagners' chairman Denis Wagner.

The Wagners story is one about entrepreneurship and self belief, which grew out of a small pre-mix concrete supply operation that started in Toowoomba in 1989.

The Company has supplied construction materials to projects in some of the most remote parts of Australia and the world.

Wagners manufactures composite bridges and cross arms at their Toowoomba factory and sells them throughout Australia as well as exporting them to New Zealand, Asia and the USA.

"We intend to keep innovating and providing our clients with effective solutions for their projects. We will continue to deliver high quality products and good customer service," said Mr Wagner.

Leading financial services companies Credit Suisse and Morgans acted as joint lead managers for the Wagners IPO.


Wagners is a diversified Australian company focused on the production and sale of construction materials.

The Company is an innovative producer of new generation building materials through its Composite Fibre Technologies (CFT) and Earth Friendly Concrete (EFC) businesses.

Wagners is the largest independently-owned cement manufacturer and supplier in South East Queensland, supplying about one third of the market's cement requirements.