• PT Youtube
  • PT Facebook
  • PT Linkedin
  • PT Twitter
8/30/2006

Owens Corning and Saint-Gobain to Merge Reinforcements Businesses

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Two leaders in the composites reinforcements business, Owens Corning, Toledo, Ohio, and Paris-based Saint-Gobain Vetrotex, have announced plans to form a joint venture.

Related Suppliers

Two leaders in the composites reinforcements business, Owens Corning, Toledo, Ohio, and Paris-based Saint-Gobain Vetrotex, have announced plans to form a joint venture. Owens Corning would have a 60% interest and Saint-Gobain 40% in the new company to be called Owens Corning-Vetrotex Reinforcements. The deal is expected to bring purchasing and procurement benefits, operational and technology plant improvements, and reduced distribution and administrative costs. After four years, Saint-Gobain would have an option to sell its 40% stake to Owens Corning. The deal is expected to close by early 2007.

Resources