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Announced

Completed

Owens Corning acquired a 12% stake in OCV Steklovolokno.

Synopsis

Owens Corning, a global company that develops and produces insulation, roofing and fiberglass composites, acquired a 12% stake in OCV Steklovolokno, a leading Russian producer of fiberglass products. With this deal Owens Corning bought out 88%-owned OCV Steklovolokno from minority shareholders. Financial terms were not disclosed.

Principals

Ocv Steklovolokno

target

Ocv Steklovolokno

Owens Corning

bidder

Owens Corning

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Market Context

Dealmakers (5)

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Mikhail Suvorov

Mikhail Suvorov

LawyerPartner at Cleary Gottlieb Steen & Hamilton
Deal Bio
Total Deals
9/
Total Value
£3,074M
Michael McMurray

Michael McMurray

ManagerCFO at OWENS CORNING
Deal Bio
Total Deals
1/
Total Value
value n/a
Ava Harter

Ava Harter

ManagerGeneral Counsel at OWENS CORNING
Deal Bio
Total Deals
1/
Total Value
value n/a
Olga Zherebtsova

Olga Zherebtsova

LawyerCleary Gottlieb Steen & Hamilton
Deal Bio
Total Deals
1/
Total Value
value n/a
Scott Senecal

Scott Senecal

LawyerPartner at Cleary Gottlieb Steen & Hamilton
Deal Bio
Total Deals
4/
Total Value
£2,491M

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