Owens Corning (NYSE:OC) Files An 8-K Other Events
Item8.01. Other Events.
On June27, 2017, Owens Corning (the Company) announced that it
has received all regulatory clearances and completed its
acquisition of the Pittsburgh Corning Corporation and Pittsburgh
Corning Europe NV (together, Pittsburgh Corning). The Company
paid an aggregate purchase price of approximately $560million in
cash, on a cash free and debt free basis, to acquire Pittsburgh
Corning.
A copy of the press release announcing the closing of the
acquisition is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description |
|
| 99.1 | Press Release, dated June27, 2017. |
2
Owens Corning ExhibitEX-99.1 2 d407097dex991.htm EX-99.1 EX-99.1 EXHIBIT 99.1 Owens Corning Completes Acquisition of FOAMGLAS® Insulation Manufacturer Pittsburgh Corning TOLEDO,…To view the full exhibit click here About Owens Corning (NYSE:OC)
Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company’s Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company’s primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States.