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New Deal


Announced

Completed

Owens Corning completed the acquisition of WearDeck from JR Plastics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Consumer Services: Other

Acquisition

Single Bidder

Domestic

United States

Majority

wood products

Friendly

Completed

Synopsis

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Owens Corning, a manufacturer of glass fiber utilized in composites and building materials, completed the acquisition of WearDeck, a producer of composite weather-resistant decking for commercial and residential applications in North America, from JR Plastics, a manufacturer of paper coated and laminated packaging. Financial terms were not disclosed. “The acquisition of WearDeck is a positive step in advancing our strategy to drive continued growth in Owens Corning and pivoting our Composites business to focus on high-value material solutions within the building and construction space. WearDeck brings exciting opportunities to further leverage our building materials expertise and glass fiber material science technology to significantly expand our current addressable markets," Marcio Sandri, Owens Corning Composites President.

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