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
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.
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