M&A Deal Summary

Owens Corning Acquires Pittsburgh Corning

On May 15, 2017, Owens Corning acquired building materials company Pittsburgh Corning for 560M USD

Acquisition Highlights
  • This is Owens Corning’s 5th transaction in the Building Materials sector.
  • This is Owens Corning’s 4th largest (disclosed) transaction.
  • This is Owens Corning’s 6th transaction in the United States.
  • This is Owens Corning’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-05-15
Target Pittsburgh Corning
Sector Building Materials
Buyer(s) Owens Corning
Deal Type Add-on Acquisition
Deal Value 560M USD

Target

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.

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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 8 of 13
Sector (Building Materials) 5 of 8
Type (Add-on Acquisition) 7 of 11
State (Pennsylvania) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-29 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.

Buy €900M
Mergr

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