Owens Corning Mergers and Acquisitions Summary

Building Materials Company

Owens Corning has acquired 11 companies, including 5 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 2017, when it acquired Paroc Group Oy AB for $1.0B. Owens Corning has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include building materials (50%) and manufacturing (40%).

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M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

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 formed in 1938 and is based in Toledo, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 7 2 - - - 1 10
vol $1.2B $1.6B $2.7B
Sell (0.0/yr) # 2 - - - - - 2
  12

Most Recent M&A

Company Date Value Type
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
Owens Corning Masonry Products LLC 2010-12-22 - Divestiture
Toledo, Ohio
3B Fiberglass 2008-05-01 - Divestiture
Battice, Belgium · www.3b-fibreglass.com
Saint-Gobain's Reinforcement and Composites Business 2007-07-27 640M USD Add-on Acquisition
,
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 5 (50%) 560M (20%) 1 (50%) -
Manufacturing 4 (40%) 2.2B (80%) - -
Plastics 1 (10%) - 1 (50%) -
Total 10 $2.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 6 642M 1 -
  Florida 2 - - -
  Pennsylvania 1 560M - -
  Indiana 1 - - -
  Colorado 1 - - -
  Ohio - - 1 -
1 640M - -
Belgium - - 1 -
Canada 1 450M - -
  British Columbia 1 450M - -
Finland 1 1.0B - -
Germany 1 - - -
Domestic 6 (60%) 642M (23%) 1 (50%) -
Cross-border 4 (40%) 2.1B (77%) 1 (50%) -
Total 10 $2.7B 2 -

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
J.P. Morgan Securities LLC
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 3 $1.7B
< $100M 1 $82M
TOTAL $2.7B
Largest Paroc Group Oy AB
$1.0B (2017-10-29)

M&A Connections

Deals
Acquired from
Investor(s)
40%
4 (40%)
Strategic(s)
20%
2 (20%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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