Owens Corning

26 06, 2024

Owens Corning Supports Home Centers with “Champion Your Project” Roadshow Tour from Mid-June to October 2024

By |2024-06-26T14:59:07-05:00June 26th, 2024|Categories: Industry Brief, Industry News, Press Release, Uncategorized|Tags: , , , , , , , , , , |

Owens Corning launched the “Champion Your Project” Tour, a new mobile training experience designed to support home improvement retailers and their customers with the latest in product innovations and building materials.

14 02, 2024

Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials

By |2024-02-20T12:58:23-05:00February 14th, 2024|Categories: Industry Brief, Industry News, Press Release|Tags: , , , , , |

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.

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