# Owens Corning to acquire Ahlstrom's glass nonwovens and fabrics businesses

Owens Corning signed an agreement to acquire the glass nonwovens and fabrics businesses of Ahlstrom for €73 million. The assets include operations in Karhula and Mikkeli, Finland, and Tver, Russia, employing about 260 people.

- Type: Acquisition
- Announced: 2017-01-31
- Where: Karhula, Mikkeli, Finland; Tver, Russia, Finland
- Value: $79.5M (73.0M EUR)
- Jobs: 260
- Status: announced
- Products: glass nonwovens, fabrics, high-modulus glass
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ahlstrom](https://endata.com/companies/624.md) (target)
- [Owens Corning](https://endata.com/companies/2173.md) (acquirer)

## Sources

- [cqyangkaicom.no10.35nic.com](http://cqyangkaicom.no10.35nic.com/en/news/64.htm), 2017-02-09: "The planned acquisition of Ahlstrom's glass nonwovens and fabrics businesses is a winning combination for our customers, our markets and our employees."

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