Owens Corning Completes Masonite Acquisition

by Patrick OToole
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Owens Corning has completed its acquisition of interior and exterior doors and door systems manufacturer Masonite International Corp., the company announced.

The transaction, for an estimated value of $3.9 billion, “marks a significant milestone” for the Toledo, OH-based Owens Corning, as the global building and construction materials leader “further strengthens our position as a market leader in building and construction materials,” said Brian Chambers, Chair and Chief Executive Officer of Owens Corning.

“Over the past several years, Owens Corning has been on a journey to transform and grow our company through strategic choices and strong execution,” Chambers added. “The completion of this acquisition represents the start of an exciting next chapter that allows us to leverage our proven commercial, operational, and innovation capabilities to increase our offering of highly valued branded building materials for our customers.”

Founded in 1925, Masonite operates 64 manufacturing and distribution facilities, primarily in North America, and retains more than 10,000 employees globally, according to the Tampa, FL-based company. In related news, Owens Corning named Chris Ball as President of its Doors business. Ball previously served as President of Masonite’s Global Residential business.

More information about the synergies of the deal can be found in our Feb. 12, 2024 story, which appeared when the deal was first announced. QR

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