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Owens Corning completes acquisition of Masonite, strengthening leadership in building and construction materials

May 15, 2024about 1 year ago

Acquiring Company

Owens Corning

Acquired Company

Masonite International Corporation

ToledoTampaBuilding MaterialManufacturing

Description

Owens Corning has completed the acquisition of Masonite International Corporation, a leading global provider of interior and exterior doors and door systems. This acquisition solidifies Owens Corning's position as a market leader in building and construction materials, providing opportunities for growth and innovation.

Company Information

Company

Owens Corning

Location

Toledo, Ohio, United States

About

Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2020 sales of $7.1 billion. Founded in 1938, it has been a Fortune 500® company for 67 consecutive years. For more information, please visit www.owenscorning.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed