M&A Deal Summary

Owens Corning Acquires Masonite International

On February 9, 2024, Owens Corning acquired building materials company Masonite International for 3.9B USD

Acquisition Highlights
  • This is Owens Corning’s 8th transaction in the Building Materials sector.
  • This is Owens Corning’s largest (disclosed) transaction.
  • This is Owens Corning’s 9th transaction in the United States.
  • This is Owens Corning’s 4th transaction in Florida.

M&A Deal Summary
Date 2024-02-09
Target Masonite International
Sector Building Materials
Buyer(s) Owens Corning
Deal Type Add-on Acquisition
Deal Value 3.9B USD
Advisor(s) Goldman Sachs
Jefferies (Financial)
Wachtell, Lipton, Rosen & Katz
Cassels (Legal)

Target

Masonite International

Tampa, Florida, United States
Masonite International's corporate headquarters in Tampa, Florida.
Masonite International's corporate headquarters in Tampa, Florida.
Masonite International is a designer and manufacturer of interior and exterior doors for residential construction, residential repair, renovation, and remodeling and the non-residential building construction markets. Masonite International was founded in 1925 and is based in Tampa, Florida.

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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 13 of 13
Sector (Building Materials) 8 of 8
Type (Add-on Acquisition) 11 of 11
State (Florida) 4 of 4
Country (United States) 9 of 9
Year (2024) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Natural Polymers

Cortland, Illinois, United States

Natural Polymers is a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois.

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