# Owens Corning amends sale of glass reinforcements business to Praana Group

Owens Corning entered into an amended agreement to sell its glass reinforcements business to Praana Group, adjusting the enterprise value from $755 million to $645 million. The transaction is expected to close in Q2 2026.

- Type: Acquisition
- Announced: 2026-04-15
- Where: United States
- Value: $645.0M
- Status: announced
- Products: glass reinforcements
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Owens Corning](https://endata.com/companies/2173.md)
- [Owens Corning](https://endata.com/companies/2173.md) (partner)
- [Owens Corning](https://endata.com/companies/2173.md) (target)
- [Praana Group](https://endata.com/companies/40082.md) (acquirer)

## Sources

- [br.advfn.com](https://br.advfn.com/noticias/BW/2026/artigo/98291526), 2026-04-15: "The amended agreement eliminates seller notes and increases up-front cash proceeds, streamlining Owens Corning’s separation from the business."
- [hbsdealer.com](https://hbsdealer.com/owens-corning-agrees-amended-glass-reinforcements-deal), 2026-04-16: "The adjusted transaction value reflects changing market conditions impacting the business while maintaining a consistent valuation multiple."
- [businesswire.com](https://www.businesswire.com/news/home/20260430997267/en/Owens-Corning-Completes-Sale-of-Glass-Reinforcements-Business-to-Praana-Group), 2026-05-01: "Closing this transaction represents another key step forward in reshaping Owens Corning as a more integrated building products leader that generates strong cash flows to accelerate growth and support our capital allocation strategy."
- [cemnet.com](https://www.cemnet.com/News/story/181275/owens-corning-to-sell-glass-reinforcement-business-to-praana-group.html), 2026-05-07: "US-based Owens Corning entered into an amended agreement to sell its glass reinforcements business to Praana Group, acceleration cash realisation and updating the terms of the previously announced sales."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.