M&A Deal Summary

Owens Corning Acquires Ahlstrom - Glass Non-Wovens & Fabrics Businesses

On January 21, 2016, Owens Corning acquired manufacturer Ahlstrom - Glass Non-Wovens & Fabrics Businesses from Ahlstrom-Munksjo for 73M EUR

Acquisition Highlights
  • This is Owens Corning’s 2nd transaction in the Manufacturing sector.
  • This is Owens Corning’s 6th largest (disclosed) transaction.
  • This is Owens Corning’s 5th transaction in the United States.

M&A Deal Summary

Date 2016-01-21
Target Ahlstrom - Glass Non-Wovens & Fabrics Businesses
Sector Manufacturing
Buyer(s) Owens Corning
Sellers(s) Ahlstrom-Munksjo
Deal Type Divestiture
Deal Value 73M EUR

Target

Ahlstrom - Glass Non-Wovens & Fabrics Businesses

United States
Ahlstrom - Glass Non-Wovens & Fabrics Businesses is a provider of fiber based products.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

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 6 of 13
Sector (Manufacturing) 2 of 4
Type (Divestiture) 1 of 2
Country (United States) 5 of 9
Year (2016) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Thermafiber

Wabash, Indiana, United States

Thermafiber, Inc. is a producer of mineral wool insulation products used primarily in commercial and industrial buildings. Thermafiber's products are sold to construction markets, power and process markets, and a wide variety of industrial and OEM markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 InterWrap

Vancouver, British Columbia, Canada

InterWrap, Inc. is a manufacturer of highly-engineered coated woven materials and multi-layer laminated substrates for a diverse range of applications including synthetic roofing underlayment, protective packaging and geotextiles.

Buy $450M

Seller(S) 1

SELLER

Ahlstrom-Munksjo

Espoo, Finland

Category Company
Founded 1851
Sector Manufacturing
Revenue 2.7B EUR (2020)
DESCRIPTION

Ahlstrom-Munksjo is involved in providing fiber-based materials, supplying innovative and sustainable solutions to its customers. The Company's mission is to expand the role of fiber-based solutions for sustainable everyday life. Its offerings include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics, and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Ahlstrom-Munksjo was founded n 1851 and is based in Espoo, Finland.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 2
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Munktell Filter AB

Falun, Sweden

Munktell produces filtration materials mainly for life science and laboratory applications. End-use examples include new born screening, laboratory media filtration, filter materials for pollution control, as well as testing materials used by medical, sugar and beverage industries.

Buy €20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Munksjo AB

Jonkoping, Sweden

Munksjo is a manufacturer of value-added speciality paper products. The company is organized around three divisions: Decor Paper (60% of sales), Speciality Paper (20%) and Pulp (20%). Munksjo?s main product, Decor paper, is used in laminates for furniture, flooring, kitchen worktops and other applications where the end product has the appearance of wood or other materials

Buy -