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

Feb 09, 2024•almost 2 years ago

Acquiring Company

Owens-Corning (India)

Acquired Company

Masonite International Corporation

ToledoTampaBuilding MaterialManufacturing

Description

Owens Corning, a global leader in building and construction materials, has announced the acquisition of Masonite International Corporation for approximately $3.9 billion. This strategic move is aimed at strengthening Owens Corning's position in residential building materials, expanding its product offering, and leveraging Masonite's strong track record of innovation and brand quality in the doors market.

Company Information

Company

Owens-Corning (India)

Location

Toledo, Ohio, United States

About

Owens-Corning (India) is a key player in the glass fibre market. The company specializes in composite materials and has a strong presence in the insulation and roofing sectors. It is part of Owens Corning's global operations, focusing on innovation in manufacturing. The acquisition will enable greater integration with the global operations of its parent company.

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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