Add-on Acquisition • Building Materials

Owens Corning Acquires Masonite International

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 9, 2024
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 Company

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 Overview 1

Buyer

Owens Corning

Toledo, Ohio, United States

Category Company
Founded 1938
Sector Building Materials
Employees25,000
Revenue 11.0B USD (2024)
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 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 Context for Buyer #
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-14 Owens Corning - Glass Reinforcements Business

Toledo, Ohio, United States

Owens Corning's Glass Reinforcements Business provides a wide variety of glass reinforcement services.

Sell $755M