• Advertisement
  • Owens Corning exits glass reinforcements

    Share
    Share

    Owens Corning has completed the sale of its global glass reinforcements business to Praana Group, sharpening its focus on branded building products in North America and Europe

    The business manufactures, fabricates and sells glass fibre reinforcements

    TOLEDO - Owens Corning has completed the sale of its glass reinforcements business to Praana Group for an enterprise value of $645 million, in a move designed to concentrate on its core building products portfolio in North America and Europe.

    The transaction, announced in April and closed on 1 May 2026, also aims to improve capital efficiency and free up cash for growth initiatives.

    Share

    Recommended

    Latest Magazine

    Features
    Nonwovens News talks to Murat Dogru about the upcoming OUTLOOK conference
    New line concepts and digital tools are helping nonwovens producers boost output, cut waste and ease labour pressures
    New research is exploring the benefits of using PCM impregnated nonwovens for use in composite reinforcements for the construction sector
    News
    Lenzing to prioritise nonwovens as fibre business reshaped
    Turkish yarn manufacturer to enter nonwovens market
    Shaping the future of filtration at Filtrex

    Other publications from MCL News & Media

    Scroll to Top
    Generic filters
    Filter by Categories
    Logo

    Our free newsletter showcases the very best of our journalism, delivered to you twice a week

    Advertising
    With Us

    Help to support the purpose-led work of our team of journalists, international correspondents, and partners – and expose your product or service to our global readership.

    Logo

    Our free newsletter showcases the very best of our journalism, delivered to you twice a week