Owens Corning Completes Sale of Glass Reinforcements Business to Praana Group
Owens Corning has completed the sale of its glass reinforcements business to Praana Group for an enterprise value of $645 million. The company received approximately $280 million in upfront cash proceeds, which it plans to use for organic growth initiatives and cash returns to shareholders.
Key figures
- Deal Value Usd
- 645000000
- Cash proceeds
- $280 million
- Expected additional cash range
- $50 million to $70 million
AI analysis
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