Saint-Gobain to Acquire Owens Corning’s Siding Solutions Business

Davis Polk & Wardwell is advising Compagnie de Saint-Gobain on its acquisition of Owens Corning’s Siding Solutions business.

Based in Ohio, Owens Corning is a world leader in building materials systems and composite solutions. Based in France, Saint-Gobain is a leading producer of flat glass, glass packaging, insulation, building materials, fiber glass reinforcements, abrasives, high-performance plastics, industrial ceramics and pipe.

Under the terms of the transaction, Saint-Gobain will acquire Owens Corning’s Siding Solutions business, including the Norandex/Reynolds distribution business, for $371 million in cash. The transaction is expected to close by the end of the third quarter of 2007.

Read the entire story on the source link below.

600450 Saint-Gobain to Acquire Owens Corning’s Siding Solutions Business glassonweb.com

See more news about:

Others also read

Corning to Invest in Manufacturing Facility for Automotive Glass Solutions
Retrofitted facility will be third Corning manufacturing site in Hefei, China.
Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Inspired by Glass: Corning® Gorilla® Glass for Interior Architecture at 740 Broadway
Corning is changing the rules of interior architecture with their durable, lightweight, thin, optically clear solution - Corning® Gorilla® Glass
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment