EQS-News: wienerberger expands North America business by acquiring local supplier Summitville Tiles, Inc.

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 against 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 | claudia.hajdinyak@wienerberger.com

   Investor Relations Wienerberger AG
   t +43 1 601 92 - 10221 | investor@wienerberger.com

   ══════════════════════════════════════════════════════════════════════════

   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 Wien
                Austria
   Phone:       +43 1 60 192-0
   Fax:         +43 1 60 192-10159
   E-mail:      investor@wienerberger.com
   Internet:    www.wienerberger.com
   ISIN:        AT0000831706
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1847357


    
   End of News EQS News Service


   1847357  29.02.2024 CET/CEST

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print