{"id":512230,"date":"2021-07-13T08:49:33","date_gmt":"2021-07-13T12:49:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/owens-corning-announces-acquisition-of-vliepa-gmbh\/"},"modified":"2021-07-13T08:49:33","modified_gmt":"2021-07-13T12:49:33","slug":"owens-corning-announces-acquisition-of-vliepa-gmbh","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/owens-corning-announces-acquisition-of-vliepa-gmbh\/","title":{"rendered":"Owens Corning Announces Acquisition of vliepa GmbH"},"content":{"rendered":"

<\/p>\n

Owens Corning Announces Acquisition of vliepa GmbH<\/b><\/p>\n

Combination expands company\u2019s global nonwovens portfolio to accelerate growth and strengthen offerings to European building and construction markets<\/i><\/b><\/p>\n

TOLEDO, Ohio–(BUSINESS WIRE<\/a>)–
\nOwens Corning (NYSE: OC) announced today 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\u2019s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region.\n<\/p>\n

\n\u201cThis highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets,\u201d said Marcio Sandri, President of Owens Corning\u2019s Composites business. \u201cThe 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.\u201d\n<\/p>\n

\nWith this transaction, Owens Corning has taken ownership of two production facilities in Br\u00fcggen, Germany. Terms of the transaction were not released.\n<\/p>\n

\n\u201cI am very excited about our new opportunities with Owens Corning,\u201d said Eric Schillings, Managing Partner of vliepa GmbH. \u201cLeveraging 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.\u201d\n<\/p>\n

\nThe acquisition reinforces Owens Corning\u2019s commitment to its global nonwovens business, which delivers differentiated solutions.\n<\/p>\n

\n\u201cWe believe vliepa\u2018s technology and capabilities are an ideal complement to our nonwoven solutions, manufacturing capacity, and commercial relationships,\u201d added Sandri. \u201cOur 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.\u201d\n<\/p>\n

\nIn total, vliepa GmbH employs about 70 people and delivered 2020 sales of approximately $30 million.\n<\/p>\n

About Owens Corning<\/b><\/p>\n

\nOwens Corning is a global building and industrial materials leader. The company\u2019s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company\u2019s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2020 sales of $7.1 billion. Founded in 1938, it has been a Fortune 500\u00ae company for 67 consecutive years. For more information, please visit www.owenscorning.com<\/a>.\n<\/p>\n

Owens Corning Company News \/ Owens Corning Investor Relations News<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210713005410\/en\/<\/a><\/span><\/p>\n

Media Inquiries:<\/b>
Laetitia Maccioni\/Europe
\n<\/span>
+ 33 (0) 6 24 60 56 65
\n<\/span>
laetitia.maccioni@owenscorning.com<\/span><\/a><\/p>\n

Todd M. Romain\/Americas
\n<\/span>
+1 (419) 248-7826
\n<\/span>
todd.romain@owenscorning.com<\/span><\/a><\/p>\n

Investor Inquiries:<\/b>
Amber Wohlfarth
\n<\/span>
+1 (419) 248-5748
\n<\/span>
amber.wohlfarth@owenscorning.com<\/span><\/a><\/p>\n

KEYWORDS:<\/b> Germany Europe United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Construction & Property Construction & Property Other Manufacturing Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Owens Corning Announces Acquisition of vliepa GmbH Combination expands company\u2019s global nonwovens portfolio to accelerate growth and strengthen offerings to European building and construction markets TOLEDO, Ohio–(BUSINESS WIRE)– Owens Corning (NYSE: OC) announced today 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\u2019s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region. \u201cThis highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets,\u201d said Marcio Sandri, President of Owens Corning\u2019s Composites business. \u201cThe acquisition adds immediate coating capacity for … <\/p>\n

Continue reading “Owens Corning Announces Acquisition of vliepa GmbH”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-512230","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOwens Corning Announces Acquisition of vliepa GmbH - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/owens-corning-announces-acquisition-of-vliepa-gmbh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Owens Corning Announces Acquisition of vliepa GmbH - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Owens Corning Announces Acquisition of vliepa GmbH Combination expands company\u2019s global nonwovens portfolio to accelerate growth and strengthen offerings to European building and construction markets TOLEDO, Ohio–(BUSINESS WIRE)– Owens Corning (NYSE: OC) announced today 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\u2019s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region. \u201cThis highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets,\u201d said Marcio Sandri, President of Owens Corning\u2019s Composites business. \u201cThe acquisition adds immediate coating capacity for … Continue reading "Owens Corning Announces Acquisition of vliepa GmbH"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/owens-corning-announces-acquisition-of-vliepa-gmbh\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-13T12:49:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210713005410r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Owens Corning Announces Acquisition of vliepa GmbH\",\"datePublished\":\"2021-07-13T12:49:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/\"},\"wordCount\":500,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210713005410r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/owens-corning-announces-acquisition-of-vliepa-gmbh\\\/\",\"name\":\"Owens Corning Announces Acquisition of vliepa GmbH - 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