M&A Deal Summary

Boral Acquires Owens Corning Masonry Products

On December 22, 2010, Boral acquired building materials company Owens Corning Masonry Products from Owens Corning

Acquisition Highlights
  • This is Boral’s 4th transaction in the Building Materials sector.
  • This is Boral’s 3rd transaction in the United States.
  • This is Boral’s 1st transaction in Ohio.

M&A Deal Summary
Date 2010-12-22
Target Owens Corning Masonry Products
Sector Building Materials
Buyer(s) Boral
Sellers(s) Owens Corning
Deal Type Divestiture

Target

Owens Corning Masonry Products

Toledo, Ohio, United States

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Buyer(S) 1

Buyer

Boral

Sydney, Australia
Category Company
Founded 1946
Sector Building Materials
Employees11,032
Revenue 5.7B AUD (2020)
DESCRIPTION

Boral is a multinational company focused on international building & construction materials supplier and products. Boral was founded in 1946 and is based in North Sydney, Australia.

DEAL STATS #
Overall 8 of 12
Sector (Building Materials) 4 of 8
Type (Divestiture) 3 of 4
State (Ohio) 1 of 1
Country (United States) 3 of 4
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Acrow Formwork & Scaffolding Pty

Revesby, Australia

Acrow Formwork & Scaffolding Pty Ltd. operates a national network of scaffolding and formwork solutions branches, including the industry standard Acrow brand in formwork and Cuplock in scaffolding, consisting of 11 scaffolding branches, four formwork branches, and three dual formwork and scaffolding hybrid branches across Australia. The company presently holds the number three position in the overall Australian scaffolding market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 Sunshine Coast Quarries Pty

Kenilworth, Australia

Sunshine Coast Quarries including a large scale quarry at Moy Pocket, a smaller quarry at Wondai and a concrete plant at Gympie. The Moy Pocket quarry is an efficient operation with long term high quality. The company was incorporated in 2010 and is based in Kenilworth, Australia.

Buy $82M

Seller(S) 1

SELLER

Owens Corning

Toledo, Ohio, United States
Category Company
Founded 1938
Sector Building Materials
Employees18,000
Revenue 9.7B USD (2023)
DESCRIPTION
Entrance to Owens Corning's corporate headquarters in Toledo, Ohio.
Entrance to Owens Corning's corporate headquarters in Toledo, Ohio.

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.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 3B Fiberglass

Battice, Belgium

3B manufactures and sells composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goods industries, among others.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 FiberTEK Insulation

Lakeland, Florida, United States

FiberTEK Insulation, LLC is a provider of loosefill, or "blown-in" insulation.

Buy -
Mergr

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