With the completion of the acquisition, Owens Corning’s annual revenue grows to $12.5 billion, with adjusted EBITDA of $2.9 billion on a synergized basis and reduced ongoing capital intensity.
Masonite International
The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
Following the acquisition, Masonite will operate as a distinct segment within Owens Corning, retaining its brand and Tampa, Florida presence.