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 |
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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 M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1938 |
| Sector | Building Materials |
| Employees | 25,000 |
| Revenue | 11.0B USD (2024) |
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 M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 3 of 3 |
| State: Ohio M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| 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 |
