Acquisition of the Austrian wholesaler for plumbing, heating and pipe installation ÖAG AG from the British building materials group Wolseley, at that time No. 2 in the market.
The group, which has now almost doubled in size, will be called the Frauenthal Handel Group.
The sales units remain separate and regional. The Group now operates under the SHT, ÖAG and Kontinentale brands.