M&A Deal Summary

Owens Corning Acquires Saint-Gobain s Reinforcement and Composites Business

On July 27, 2007, Owens Corning acquired manufacturer Saint-Gobain s Reinforcement and Composites Business from Saint-Gobain for 640M USD

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

M&A Deal Summary
Date 2007-07-27
Target Saint-Gobain s Reinforcement and Composites Business
Sector Manufacturing
Buyer(s) Owens Corning
Sellers(s) Saint-Gobain
Deal Type Add-on Acquisition
Deal Value 640M USD

Target

Saint-Gobain s Reinforcement and Composites Business

Saint-Gobain's Reinforcement and Composites Business is a manufacturer of glass reinforcements and composites. It is comprised of 20 plants, which includes 12 glass fiber reinforcements plants, six fabrics plants and two plants that produce both reinforcements and fabrics.

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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 3 of 13
Sector (Manufacturing) 1 of 4
Type (Add-on Acquisition) 3 of 11
Country () 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-04 Wall Technology

Broomfield, Colorado, United States

Wall Technology, Inc. is a provider of ceilings and wall products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 3B Fiberglass

Battice, Belgium

3B manufactures and sells composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goods industries, among others.

Sell -

Seller(S) 1

SELLER

Saint-Gobain

Courbevoie, France
Category Company
Founded 1665
Sector Building Materials
Employees159,145
Revenue 48.0B EUR (2023)
DESCRIPTION

Saint-Gobain is a manufacturer, designer, and distributor of functional materials for the construction, industrial and consumer markets. Saint-Gobain provides comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change. Saint-Gobain was founded in 1665 and is based in Courbevoie, France.

DEAL STATS #
Overall 2 of 22
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country () 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Calmar

Kenner, Louisiana, United States

Calmar, a leading global manufacturer of high-quality and innovative plastic dispensing and spraying systems.

Sell $710M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Maxit Group AB

Sollentuna, Sweden

Maxit Group AB is a manufacturer and seller of premix and exclay products.

Buy -
Mergr

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