# Owens Corning to acquire Masonite for $3.9 billion

Owens Corning announced a definitive agreement to acquire all outstanding shares of Masonite International Corporation for $133.00 per share in cash, with an implied transaction value of approximately $3.9 billion. The acquisition strengthens Owens Corning's position in residential building materials.

- Type: Acquisition
- Announced: 2024-02-09
- Where: United States
- Value: $3.90B
- Status: announced
- Products: interior and exterior doors and door systems
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Owens Corning](https://endata.com/companies/2173.md) (acquirer)
- [Masonite](https://endata.com/companies/37839.md) (target)
- [Masonite International Corporation](https://endata.com/companies/73830.md) (target)

## Sources

- [investor.owenscorning.com](https://investor.owenscorning.com/investors/stock-performance-and-earnings/press-releases/press-release-details/2024/Owens-Corning-Announces-3.9-Billion-Acquisition-of-Masonite-to-Strengthen-Position-in-Building-and-Construction-Materials/default.aspx), 2024-02-09: "Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024."
- [investor.owenscorning.com](https://investor.owenscorning.com/investors/stock-performance-and-earnings/press-releases/press-release-details/2024/Owens-Corning-Announces-3.9-Billion-Acquisition-of-Masonite-to-Strengthen-Position-in-Building-and-Construction-Materials/), 2024-02-09: "Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024."
- [axios.com](https://www.axios.com/2024/02/09/owens-corning-doormaker-masonite), 2024-02-09: "Owens Corning on Friday said it's agreed to buy Tampa, Fla.-based doormaker Masonite for $3.9 billion in cash, or $133 per share."

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