Owens Corning Appoints Roofing, Insulation Leaders
Owens Corning announced that Nico Del Monaco has been appointed President of the company’s Roofing business and Jose Canovas has been named President of its Insulation business.
Owens Corning announced that Nico Del Monaco has been appointed President of the company’s Roofing business and Jose Canovas has been named President of its Insulation business.
Owens Corning (NYSE: OC), a residential and commercial building products leader, today announced that Gina Beredo has been promoted to the newly created role of Executive Vice President, Chief Administrative Officer & General Counsel of the company.
Owens Corning (NYSE: OC), a leader in global building and construction materials, and Masonite International Corporation (“Masonite”) (NYSE: DOOR), a leading global provider of interior and exterior doors and door systems, today announced they have entered into a definitive agreement under which 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 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price. The implied transaction value is approximately $3.9 billion, implying a purchase multiple of approximately 8.6x 2023E adjusted EBITDA2 or 6.8x when including synergies of $125 million.