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M&A Deal Summary

Praana Acquires Owens Corning - Glass Reinforcements Business

On February 14, 2025, Praana acquired building materials company Owens Corning - Glass Reinforcements Business from Owens Corning for 755M USD

Acquisition Highlights
  • This is Praana’s 1st transaction in the Building Materials sector.
  • This is Praana’s largest (disclosed) transaction.
  • This is Praana’s 1st transaction in the United States.
  • This is Praana’s 1st transaction in Ohio.

M&A Deal Summary
Date 2025-02-14
Target Owens Corning - Glass Reinforcements Business
Sector Building Materials
Buyer(s) Praana
Sellers(s) Owens Corning
Deal Type Divestiture
Deal Value 755M USD

Target

Owens Corning - Glass Reinforcements Business

Toledo, Ohio, United States
Owens Corning's Glass Reinforcements Business provides a wide variety of glass reinforcement services.

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Buyer(S) 1

Buyer

Praana

Mumbai, India
Category Company
Founded 1956
Sector Chemicals
DESCRIPTION

Praana operates a global portfolio of manufacturing facilities in the fields of specialty chemicals (Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals) and glass fiber & composite materials (3B Fibreglass). Our innovative solutions and high-quality products cater to a wide range of industries like construction, textiles, automotive, home & personal care, energy, and industrial markets. Praana was formed in 1956 and is headquartered in Mumbai, Maharashtra.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 STATS #
Overall 3 of 3
Sector (Building Materials) 2 of 2
Type (Divestiture) 3 of 3
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 Masonite International

Tampa, Florida, United States

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.

Buy $3.9B
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