Saint-Gobain to Sell U.S. Fiberglass Unit

In July, Saint-Gobain Group of France announced plans to form a joint venture combining its global fiberglass and composites businesses with those of Toledo-based Owens Corning.

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In July, Saint-Gobain Group of France announced plans to form a joint venture combining its global fiberglass and composites businesses with those of Toledo-based Owens Corning. Since then, it was decided that Saint-Gobain Vetrotex America would not be part of the new venture. As a result, the business, based in Wichita Falls, Texas, will be sold.