Owens Corning To Acquire Weardeck®, A Premium Composite Decking And Structural Lumber Manufacturer

Apr 25, 2022•over 3 years ago

Acquiring Company

Owens Corning

Acquired Company

WearDeck

Toledo

Description

Owens Corning (NYSE: OC) announced today that it signed an agreement with JR Plastics Corporation to acquire WearDeck®, a premium producer of composite weather-resistant decking for commercial and residential applications in North America. The transaction is subject to regulatory approvals and other customary conditions, and is anticipated to close by the end of the second quarter.

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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