Owens Corning - M&A Summary and Business Overview

Building MaterialsCompany

Owens Corning M&A Summary

Owens Corning has acquired 14 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 2 assets.

Owens Corning’s largest acquisition to date was in 2024, when it acquired Masonite International for $3.9B. Owens Corning has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include building materials (62%) and manufacturing (31%).

Owens Corning Business Overview

Where is Owens Corning headquartered?

Owens Corning is headquartered in Toledo, Ohio.

What is Owens Corning’s revenue?

Owens Corning disclosed revenue of 9,677M USD for 2023 and 9,761M USD for 2022.

How many employees does Owens Corning have?

Owens Corning has 18,000 employees.

What sector is Owens Corning in?

Owens Corning is a building materials company.

When was Owens Corning founded?

Owens Corning was founded in 1938.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 7

Owens Corning

Owens Corning

One Owens Corning Parkway,
Toledo, Ohio 43659
United States,
(419) 248-8000
www.owenscorning.com

Owens Corning is a global producer of composite and building materials systems. The Company's products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other high-performance markets to insulation and roofing for residential, commercial and industrial applications. Owens Corning was founded in 1938 and is based in Toledo, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 9 - 1 2 - 1 13
vol $2.7B $3.9B $6.6B
Sell (0.0/yr) # 2 - - - - - 2
  15

Most Recent M&A

Company Date Value Type
Masonite International Corp. 2024-02-09 3.9B USD Add-on Acquisition
Tampa, Florida · www.masonite.com
Natural Polymers LLC 2022-06-21 - Add-on Acquisition
Cortland, Illinois · www.naturalpolymersllc.com
WearDeck 2022-04-25 - Divestiture
Ocala, Florida · www.weardeck.com
vliepa GmbH 2021-07-13 - Add-on Acquisition
Bruggen, Germany · www.vliepa.com
Paroc Group Oy AB 2017-10-29 1.0B EUR Add-on Acquisition
Helsinki, Finland · www.paroc.com
Pittsburgh Corning Corp. 2017-05-15 560M USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.pittsburghcorning.com
InterWrap, Inc. 2016-02-24 450M USD Add-on Acquisition
Vancouver, British Columbia · www.interwrap.com
Ahlstrom - Glass Non-Wovens & Fabrics Businesses 2016-01-21 82M EUR Divestiture
, United States
Thermafiber, Inc. 2013-06-03 - Add-on Acquisition
Wabash, Indiana · www.thermafiber.com
FiberTEK Insulation, LLC 2011-08-02 - Add-on Acquisition
Lakeland, Florida · www.fibertekinsulation.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Masonite International Corp. 2024-02-09 Masonite International - Architectural Business Segment 2024-04-24 1
Tampa, Florida · www.masonite.com Tampa, Florida

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 8 (62%) 4.5B (67%) 1 (50%) -
Manufacturing 4 (31%) 2.2B (33%) - -
Plastics 1 (8%) - 1 (50%) -
Total 13 $6.6B 2 -

By Geo

State/Country Buy Value Sell Value
United States 9 4.5B 1 -
  Florida 4 3.9B - -
  Pennsylvania 1 560M - -
  Indiana 1 - - -
  Illinois 1 - - -
  Colorado 1 - - -
  Ohio - - 1 -
1 640M - -
Belgium - - 1 -
Canada 1 450M - -
  British Columbia 1 450M - -
Finland 1 1.0B - -
Germany 1 - - -
Domestic 9 (69%) 4.5B (68%) 1 (50%) -
Cross-border 4 (31%) 2.1B (32%) 1 (50%) -
Total 13 $6.6B 2 -

Top M&A Advisors

Financial Deals
Lazard Ltd.
2
Morgan Stanley
1
J.P. Morgan Securities
1
Legal Deals
Davis Polk & Wardwell
1
Stikeman Elliott
1
Calfee, Halter & Griswold
1

Deal Values

buy # Total
> $1B 2 $4.9B
$100M to $1B 3 $1.7B
< $100M 1 $82M
TOTAL $6.6B
Largest Masonite International Corp.
$3.9B (2024-02-09)

M&A Connections

Deals
Acquired from
Investor(s)
31%
4 (31%)
Strategic(s)
23%
3 (23%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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