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

Owens Corning has signed a definitive agreement to sell its glass reinforcements business to Praana Group for an enterprise value of $755 million. The business manufactures glass fiber reinforcements and has approximately 4,000 employees across 18 operations in 12 countries.

“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.”newsroom.owenscorning.com

• 3 sources
• newsroom.owenscorning.comOwens Corning to Sell Glass Reinforcements Business to Praana Group | Owens CorningFeb 14, 2025
• nonwovensnews.comOwens Corning to sell glass reinforcements arm | Nonwovens NewsHaydn DavisFeb 19, 2025
• kunststoffweb.deOwens Corning: Eigner von 3B Fibreglass kauft Glasfasersparte | KunststoffWebKIFeb 20, 2025

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