Owens Corning announces acquisition of vliepa GmbH

Combination expands company’s global nonwovens portfolio to accelerate growth and strengthen offerings to European building and construction markets.

Owens Corning announces acquisition of vliepa GmbH

1 minute, 20 secondes

Owens Corning announced that it has acquired vliepa GmbH, which specializes in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. The acquisition broadens Owens Corning’s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region.

Marcio Sandri, President of Owens Corning’s Composites business said:
“This highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets. The acquisition adds immediate coating capacity for our customers in the building materials industry, along with supporting the transformation of the construction market from traditional materials to innovative, glass-faced solutions.”

With this transaction, Owens Corning has taken ownership of two production facilities in Brüggen, Germany. Terms of the transaction were not released.

Eric Schillings, Managing Partner of vliepa GmbH said:
“I am very excited about our new opportunities with Owens Corning. Leveraging their broad enterprise capabilities and market-leading positions, Owens Corning will help us expand in our markets and accelerate our growth. I am confident that vliepa will have a bright future in the new organization.”

The acquisition reinforces Owens Corning’s commitment to its global nonwovens business, which delivers differentiated solutions.

“We believe vliepa‘s technology and capabilities are an ideal complement to our nonwoven solutions, manufacturing capacity, and commercial relationships,” added Sandri. “Our combined organization will address several key macrotrends, including sustainability, lightweight building materials, and more labor-efficient construction solutions, by delivering enhanced performance in a variety of applications, including Polyiso (polyisocyanurate) insulation and gypsum boards.”

In total, vliepa GmbH employs about 70 people and delivered 2020 sales of approximately $30 million.

More information www.owenscorning.com