# Owens Corning to acquire Pittsburgh Corning for $560M

Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation, for approximately $560 million in cash. The transaction is expected to close in Q3 2017.

- Type: Acquisition
- Announced: 2017-05-15
- Where: United States
- Value: $560.0M
- Status: announced
- Products: cellular glass insulation systems, FOAMGLAS® cellular glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Owens Corning](https://endata.com/companies/2173.md) (acquirer)
- [Pittsburgh Corning](https://endata.com/companies/24261.md) (target)

## Sources

- [investor.owenscorning.com](https://investor.owenscorning.com/investors/stock-performance-and-earnings/press-releases/press-release-details/2017/Owens-Corning-to-Acquire-High-Performance-Cellular-Glass-Manufacturer-Pittsburgh-Corning/default.aspx), 2017-05-15: "The acquisition of Pittsburgh Corning will further expand Owens Corning’s commercial and industrial product offering and grow our presence in Europe and Asia."

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