Owens Corning has bought vliepa, which specialises in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. The acquisition expands Owens Corning’s significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region.
“This highly complementary combination advances our global strategy of expanding deeper into the value chain and investing in high-growth markets,” said Marcio Sandri, president of Owens Corning’s composites business. “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.”Owens Corning has bought vliepa, which specialises in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. The acquisition expands Owens Corning's significant global nonwovens portfolio to better serve European customers and accelerate growth of building and construction market applications in the region.#
With this transaction, Owens Corning has taken ownership of two production facilities in Brüggen, Germany. Terms of the transaction were not released.
“I am very excited about our new opportunities with Owens Corning,” said Eric Schillings, managing partner of vliepa. “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 organisation.”
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 organisation will address several key macrotrends, including sustainability, lightweight building materials, and more labour-efficient construction solutions, by delivering enhanced performance in a variety of applications, including Polyiso (polyisocyanurate) insulation and gypsum boards.”
In total, vliepa employs about 70 people and delivered 2020 sales of approximately $30 million.
Fibre2Fashion News Desk (SV)
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