Saint-Gobain to acquire Owens Corning siding unit for $371M

Owens Corning agreed to sell its Siding Solutions business, including Norandex/Reynolds distribution and three vinyl siding plants, to Saint-Gobain for $371 million. The transaction is expected to close in Q3 2018.

“Owens Corning has agreed to sell its Siding Solutions business, including the company’s Norandex/Reynolds distribution business, to global building products supplier Saint-Gobain for $371 million.”hbsdealer.com

• 2 sources
• hbsdealer.comOwens Corning to sell siding unit | HBS DealerFeb 20, 2018
• fuelsandlubes.comSaint-Gobain Acquires HyComp - F&L AsiaMar 1, 2018

Summarized from public sources; check the original articles before acting on it.