Meridian brick7/14/2023 in terms of capacity and has a strong market position also in Canada. With over 1,100 employees and producing more than 1.1 billion bricks annually, the Georgia-based company Meridian Brick is the largest producer of facade solutions in the U.S. Meridian Brick: A leading US company with a strong market position in Canada With this acquisition, Wienerberger marks a milestone and positions itself as the market leader for innovative and sustainable facade solutions on the North American market. Department of Justice, has granted its approval for the transaction subject to conditions that will be completely fulfilled by Wienerberger. The relevant antitrust authority, the U.S. Vienna - The Wienerberger Group, the world's leading supplier of building materials and infrastructure solutions, announces the successful closing of the largest acquisition within the last 15 years: Approval by the competent US anti-trust authority was granted on October 6 and the transactions in the USA and Canada for the acquisition of Meridian Brick were closed at the same time. Strong value-creating transaction with significant synergy potential.Wienerberger now leading supplier of facade solutions in North America.Largest acquisition by Wienerberger within the last 15 years.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. Heimo Scheuch, chief executive officer of Wienerberger Group, said: ‘This is our largest acquisition in 15 years and significantly increases the scale and breadth of our offering in North America, establishing our leadership in the region and building a strong foundation for sustainable growth.With its innovative and sustainable building material and infrastructure solutions, Wienerberger improves people’s quality of life. Through the acquisition of Meridian Brick, Wienerberger will immediately double the revenue of their North America business to more than US$800 million. It helps to streamline our US business and allows us to further focus on the improvement initiatives under way in the remaining businesses in Boral North America.’ ‘The divestment of Meridian is a further step in Boral’s portfolio review works. ‘As part of this process, Meridian’s leadership was refreshed with the appointment of a new chief executive officer in December 2018, and a stronger focus on improving performance. The divestment of Meridian Brick represents the final step in Boral’s exit from brick operations globally.īoral’s chief executive officer and managing director, Zlatko Todorcevski, said: ‘In recent years Boral have divested their interest in bricks in Australia, and since forming the bricks joint venture in the US with Lone Star in 2016, the plan was to ultimately prepare the business for sale. With more than 1,000 employees operating in 20 manufacturing plants across the US and Canada, the company generated revenues in excess of US$400 million in the financial year to 30 June 2020. The transaction is subject to various closing conditions and regulatory approvals, with both parties targeting completion in the first half of 2021.īased in Georgia, Meridian Brick are the largest manufacturers of clay facade solutions by capacity in the US and have a strong position in the Canada region.
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