In 1988, Baumit was established by the two family-owned companies Wietersdorfer & Peggauer Zementwerke and Wopfinger Stein- und Kalkwerke. The objective was to sell high-quality construction materials under a joint umbrella trademark. The managing directors Dieter Kern from Wietersdorf (left in the photograph) and Friedrich Schmid from Wopfinger (right in the photograph) thus brought together the strong points of both enterprises; i.e. cement and insulating plasters on the one hand, and lime and machine-applied plasters on the other. This is how the foundation of a new European trademark was laid. After the fall of the Iron Curtain, 1991 saw the founding of “Baumit Kft”. In Hungary, a first step was made in an easterly direction. 1994 Baumit also started to conquer Austria’s southern neighbourhood in the form of Slovenia, Croatia and Italy. In 2008, Baumit counted amongst Europe’s leading construction material brands and had a turnover of EUR 750m.