M&A Deal Summary

Owens Corning Acquires Paroc Group Oy AB

On October 29, 2017, Owens Corning acquired manufacturer Paroc Group Oy AB from CVC Capital Partners for 900M EUR

Acquisition Highlights
  • This is Owens Corning’s 4th transaction in the Manufacturing sector.
  • This is Owens Corning’s largest (disclosed) transaction.
  • This is Owens Corning’s 1st transaction in Finland.

M&A Deal Summary
Date 2017-10-29
Target Paroc Group Oy AB
Sector Manufacturing
Buyer(s) Owens Corning
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 900M EUR
Advisor(s) Jones Day
Calfee, Halter & Griswold (Legal)

Target

Paroc Group Oy AB

Helsinki, Finland
Paroc Group Oy AB is a mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

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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 9 of 13
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 8 of 11
Country (Finland) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 vliepa

Bruggen, Germany

vliepa specializes in the coating, printing and finishing of nonwovens, paper and film for the building materials industry. vliepa is based in Bruggen, Germany.

Buy -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 134 of 173
Sector (Manufacturing) 12 of 12
Type (Add-on Acquisition) 48 of 63
Country (Finland) 1 of 1
Year (2017) 9 of 10
Size (of disclosed) 27 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 TMF Group

Amsterdam, Netherlands

TMF Group is a provider of accounting and corporate secretarial services. TMF provides locally-delivered outsourced business and compliance services (including corporate secretarial, tax & accounting, legal & administration and HR & payroll) to approximately 15,000 multi-national corporates, investment funds and high-net worth individuals globally. With a network of offices across over 80 countries, and headquartered in Amsterdam, TMF Group has the in-country expertise and knowledge to help businesses of all sizes expand and operate both within and beyond their home markets. TMF Group was founded in 1988 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Hellenic Healthcare Group

Athens, Greece

Hellenic Healthcare Group is is a private hospital operator. The group has six hospitals: Metropolitan Hospital, Metropolitan General, Hygeia Hospital, Mitera, Leto and Creta Interclinic. Hellenic Healthcare Group is based in Athens, Greece.

Buy -
Mergr

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