![]() Wienerberger expects to benefit from significant synergies, including through optimization of the production and distribution network, implementation of further operational excellence measures across the combined business and improvements in ESG performance. Wienerberger will be able to offer its customers an even greater range of complete solutions for construction and renovation of residential buildings and grow its exposure to commercial properties. The combination of Meridian’s innovative products, technical know-how and nationwide integrated partnership distribution model with General Shale’s robust commercial platform and systems solution competence represents a significant value creation opportunity. Meridian Brick is highly complementary to Wienerberger’s existing solutions portfolio, reinforcing Wienerberger’s position in new and attractive applications. It will be fully integrated into Wienerberger’s existing North America Business Unit, General Shale. Meridian Brick extends Wienerberger’s geographical footprint to Texas, the largest brick consuming state in the USA, and adds a local presence in highly attractive metropolitan regions. Through the acquisition of Meridian Brick, Wienerberger immediately doubles the revenues of its North America business to more than $ 800 million, further increasing its ability to benefit from strong demand in both the new build and renovation segments. This acquisition marks a significant step in Wienerberger’s value-driven growth strategy and will establish the Group as the North American leader for innovative and sustainable masonry solutions. With more than 1,000 employees operating in 20 manufacturing plants across the USA and Canada, Meridian Brick generated revenues in excess of $ 400 million in the financial year to June 30, 2020. Its product portfolio includes innovative systems for the building envelope for residential and commercial applications, including renovation. Meridian is a leading masonry supplier in key regions such as Texas, South East USA, and Ontario, the largest brick consuming area in Canada. Meridian Brick: A Leader in the USA with a Strong Position in Canadaīased in Georgia, USA, Meridian Brick is the largest manufacturer of clay façade solutions by capacity in the USA and has a strong position in the Canada region. Vienna - The Wienerberger Group, a leading international provider of building material and infrastructure solutions, announces today that it has signed an agreement to acquire Meridian Brick from Boral and an affiliate of Lone Star Funds for purchase price of $ 250 million, subject to customary adjustments. Customers gain access to an even greater range of building solutions with a strong focus on sustainability.Strong value-enhancing acquisition offering significant synergy potential: expected EBITDA for North America > $ 120 million post synergies by 2023.The acquisition will immediately double Wienerberger’s North American revenues to > $ 800 million.Take this career opportunity and apply now! Passion, entrepreneurship and individual responsibility: These are the values that characterize Wienerberger employees. You can find everything you need to know about the Wienerberger Group in our newsroom – ranging from press releases to news about the company, to photos and videos.Įnvironment, social topics, governance: Determined to assume responsibility for people and nature, Wienerberger is pursuing ambitious ESG targets. Here you can find everything you need to know about our shares, as well as our different business areas and financial dates. Get first-hand information about Wienerberger. Learn more about the products and solutions from Wienerberger. In this effort, we are guided by four values: Trust, Respect, Passion, and Creativity.Īs pioneers in the building materials industry, we embrace innovation and digitalization. ![]() With its innovative and sustainable building material and infrastructure solutions, Wienerberger improves people’s quality of life.
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