M&A Deal Summary

Owens Corning Acquires InterWrap

On February 24, 2016, Owens Corning acquired manufacturer InterWrap from Quad-C Management for 450M USD

Acquisition Highlights
  • This is Owens Corning’s 3rd transaction in the Manufacturing sector.
  • This is Owens Corning’s 5th largest (disclosed) transaction.
  • This is Owens Corning’s 1st transaction in Canada.
  • This is Owens Corning’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2016-02-24
Target InterWrap
Sector Manufacturing
Buyer(s) Owens Corning
Sellers(s) Quad-C Management
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

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.

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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 7 of 13
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 6 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-21 Ahlstrom - Glass Non-Wovens & Fabrics Businesses

United States

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

Buy €73M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Pittsburgh Corning

Pittsburgh, Pennsylvania, United States

Pittsburgh Corning Corp. is a producer of cellular glass insulation systems for commercial and industrial markets. Pittsburgh Corning produces FOAMGLAS® cellular glass, a sustainable, high performance insulation offering water and fire resistance, high compressive strength and long-lasting thermal protection. This unique combination of properties makes FOAMGLAS® the insulation of choice for low-temperature industrial applications and in premier commercial buildings around the world. Pittsburgh Corning also offers an extensive line of accessory products.

Buy $560M

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 28 of 47
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 9 of 13
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2016) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Balboa Water Group

Costa Mesa, California, United States

Balboa Water Group, Inc. is a manufacturer of customized, critical components for the portable spa, jetted bath, and other adjacent markets. Headquartered in Costa Mesa, CA, Balboa is a global operation selling into 47 different countries and utilizing a new state-of-the-art manufacturing facility in Baja, Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Inmark

Austell, Georgia, United States

Inmark is a general, life sciences, and hazardous goods/biomedical compliant packaging products and associated services company. Inmark was founded in 1975 and is based in Austell, Georgia.

Buy -