Owens Corning’s Paroc Group acquisition now completed
Owens Corning (OC) announced today that the acquisition of Paroc Group has been completed
Owens Corning (OC) announced today that it has received all regulatory clearances and completed the acquisition of Paroc Group (“Paroc”), one of Europe’s leading manufacturers of fire-proof stone wool insulation and energy-efficient solutions, for an enterprise value of approximately €900 million.
"Paroc has a long-term home now, as a part of Owens Corning’s insulation business in Europe and beyond. We are excited about the new opportunities that our journey together with Owens Corning will present”, says Anders Dahlblom, Paroc’s Managing Director.
“This is an important day for Owens Corning’s Insulation business,” said Julian Francis, president of Owens Corning’s Insulation Business. “We’ve had a strategic goal to broaden our product portfolio and diversify our geographic scope to better address our customers’ needs and support their growth. The acquisition of Paroc does both. We now have a leading position in Europe and in the global mineral wool business.”
For mer informasjon kan du kontakte:
Anders Dahlblom, administrerende direktør, Paroc Group, tlf. +358 46 876 8904
Olga van Iterson, Group Marketing & Communications Director, Paroc Group, tlf. +358 50 325 2376
Paroc er en av Europas ledende produsenter av energieffektive og brannsikre isolasjonsløsninger. Gjennom 80 år har vi opparbeidet oss et godt rykte ved å levere gode produkter, teknisk ekspertise og bærekraft til snekkere som bygger eneboliger, arkitekter, entreprenører, forhandlere og industribyggere. Vår drift er basert på kunde- og medarbeiderorientering, kontinuerlig innovasjon, lønnsom vekst og bærekraftig utvikling. Parocs produktutvalg inkluderer bygningsisolasjon, teknisk isolasjon, maritim isolasjon og akustiske produkter. Produktene produseres i Finland, Sverige, Litauen, Polen og i Russland. Paroc har salgs- og representasjonskontorer i 13 land i Europa. I 2016 hadde vi en omsetning på 375,5 millioner euro, og antallet ansatte var rundt 1835.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures, and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing, and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger, and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2016 sales of $5.7 billion and employs about 19,000 people in 37 countries. It has been a Fortune 500® company for 63 consecutive years. For more information, please visit www.owenscorning.com.
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