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Owens Corning to Acquire Glass Non-Wovens & Fabrics Businesses of Ahlstrom for $79.5M

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Owens Corning (NYSE: OC) today announced that it has signed an agreement
to acquire the glass non-wovens and fabrics businesses of Ahlstrom, a
fiber-based materials company headquartered in Helsinki, Finland, for
€73 million (U.S. $79.5 million). The transaction, which is subject to
regulatory approvals, is anticipated to close in the first half of 2016.

"The planned acquisition of Ahlstrom's glass non-wovens and fabrics
businesses is a winning combination for our customers, our markets, and
our employees," said Arnaud Genis, group president of Owens Corning's
Composite Solutions Business. "This is a highly complementary
acquisition that will provide new revenue, technology, talent, and
access to markets.

"The addition of these

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Posted-In: News M&A Press Releases

 

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