# 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.

- Type: Acquisition
- Announced: 2025-02-14
- Where: United States
- Value: $755.0M
- Jobs: 4,000
- Status: announced
- Products: glass fiber reinforcements
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [newsroom.owenscorning.com](https://newsroom.owenscorning.com/all-news-releases/news-details/2025/Owens-Corning-to-Sell-Glass-Reinforcements-Business-to-Praana-Group/default.aspx), 2025-02-14: "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."
- [nonwovensnews.com](https://www.nonwovensnews.com/2025/02/19/owens-corning-to-sell-glass-reinforcements-arm/), 2025-02-19: "Owens Corning has agreed a deal to sell its global glass reinforcements (GR) business to India’s Praana Group in a $755 million deal."
- [kunststoffweb.de](https://www.kunststoffweb.de/branchen-news/owens_corning_eigner_von_3b_fibreglass_kauft_glasfasersparte_t257380), 2025-02-20: "OC will den 755 Mio USD schweren Verkauf des Segments im Jahresverlauf abschließen."

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