US’ Owens Corning sells glass reinforcements business for $755 mn
Owens Corning is selling its glass reinforcements business to India’s Praana Group for $755 million, aligning with its strategy to focus on building products in North America and Europe. The business, with $1.1 billion in 2024 revenue, spans 18 sites across 12 countries. The deal, set to close in 2025 pending approvals, strengthens Praana’s position in glass fibre reinforcements.
Owens Corning is selling its glass reinforcements business to India’s Praana Group for $755 million, aligning with its strategy to focus on building products in North America and Europe.
The business, with $1.1 billion in 2024 revenue, spans 18 sites across 12 countries.
The deal, set to close in 2025 pending approvals, strengthens Praana’s position in glass fibre reinforcements.
