2024-02-29 15:01:25
EQS-News: Wienerberger AG / Key word(s): Mergers & Acquisitions/Strategic
Company Decision
wienerberger expands North America business by acquiring local supplier
Summitville Tiles, Inc.
29.02.2024 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
wienerberger expands North America business by acquiring local supplier
Summitville Tiles, Inc.
• The acquisition of the long-established US company further advances
wienerberger’s strategic goals in North America
• The growing market for brick slips for prefabricated façade systems
for renovations plays an important role in the climate resilience of
buildings
Vienna, February 29, 2024 – By acquiring the Ohio based brick manufacturer
Summitville Tiles, Inc., wienerberger is expanding its activities in North
America and taking another important step in its global value-creating
growth strategy. Founded in 1912, the long-established US company
specializes in the production of brick slips for prefabricated façade
systems for renovations, utilized in residential and commercial
applications. A market that will grow by approx. 10% annually over the
next five years. The product portfolio of Summitville Tiles, Inc.
underlines the shift towards even greater sustainability in the
construction industry.
“Summitville Tiles is a perfect addition to wienerberger. Expanding the
resource-saving production of brick slips for prefabricated façade systems
for renovations constitutes a logical move into the growing market for
innovative and ecological construction materials. Solutions for
prefabricated brick cladding will play an increasingly important role in
making existing buildings climate-resilient, as the added layer offers
durable protection once morest more frequent extreme weather events, such as
storms, hail, and torrential rain. They also help saving resources and
emissions following the principle of dematerialization by allowing for
easy renovations and repairs of older façades. This acquisition allows us
to provide a portfolio of holistic, ecological solutions for the entire
building envelope, which we need to tackle the challenge of climate change
and its impacts”, says Heimo Scheuch, chairman of Wienerberger AG.
wienerberger
wienerberger is a leading international provider of innovative, ecological
solutions for the entire building envelope, in the fields of new buildings
and renovations, as well as infrastructure in water and energy management.
With more than 19,000 employees worldwide, wienerberger’s solutions enable
energy-efficient, healthy, climate-friendly, and affordable living.
wienerberger is the world’s largest producer of bricks and the market
leader in clay roof tiles in Europe as well as concrete pavers in Eastern
Europe. In pipe systems (ceramic and plastic pipes), the company is one of
the leading suppliers in Europe. By acquiring Meridian Brick, wienerberger
further strengthened its position as a leading supplier of facade products
in North America. With its more than 200 production sites, wienerberger
generated revenues of approx. € 4.2 billion and an operating EBITDA of €
811 million in 2023.
For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | [email protected]
Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | [email protected]
══════════════════════════════════════════════════════════════════════════
29.02.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: English Company: Wienerberger AG Wienerbergerplatz 1 1100 Vienna Austria Phone: +43 1 60 192-0 Fax: +43 1 60 192-10159 E-mail: [email protected] Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1847357
1847357 29.02.2024 CET/CEST
1709218996
#EQSNews #wienerberger #expands #North #America #business #acquiringlocal #supplier #Summitville #Tiles
