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.
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.