# Owens Corning to sell glass reinforcements business to Praana Group for $755M

Owens Corning signed a definitive agreement to sell its glass reinforcements business to Praana Group at an enterprise value of $755 million. The sale is part of Owens Corning's strategic plan to focus on residential and commercial building products.

- Type: Acquisition
- Announced: 2019-06-18
- Value: $755.0M
- Status: announced
- Products: glass fiber reinforcements
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.pennenergy/article/bizwire-2025-2-14-owens-corning-to-sell-glass-reinforcements-business-to-praana-group), 2019-06-18: "After a comprehensive review of strategic alternatives, the Owens Corning Board concluded that a sale of the business to the Praana Group supports the company’s strategic plan and results in the greatest overall value to its shareholders."

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