This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Owens Corning Announces Acquisition Of Thermafiber Inc.

Stocks in this article: OC

TOLEDO, Ohio, June 3, 2013 /PRNewswire/ -- Owens Corning (NYSE: OC) today announced that it has completed the acquisition of Thermafiber Inc., a leading manufacturer of mineral wool commercial and industrial insulation products.

The acquisition, which includes a 145,000-square-foot manufacturing location in Wabash, Ind., provides Owens Corning with a broad insulation portfolio now encompassing fiberglass, foam, and mineral wool insulation products. 

"The acquisition of Thermafiber is an outstanding addition for Owens Corning and our customers," said Joe Ochoa, vice president and general manager, Engineered Insulation Systems.  "Mineral wool insulation adds to our product portfolio and helps us to provide access to high-temperature commercial building applications.

"Over the past 75 years, Owens Corning has earned a strong reputation for building science and sustainability, and we look forward to applying this expertise to benefit customers who pursue mineral wool insulation applications," he added.

Thermafiber's insulation products support fire block, fire blankets, and curtain wall applications spanning the commercial, residential, and industrial markets.  Thermafiber insulation contains up to 90 percent recycled content and is non-combustible, inorganic and mold-resistant.  Thermafiber products provide fire protection, sound control and energy conservation, and are installed in six of the 12 tallest buildings in the world, including One World Trade Center in New York City and the Burj Khalifa tower in Dubai.

About Owens Corning Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems.  A Fortune ® 500 Company for 59 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives.  Celebrating its 75th anniversary in 2013, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.2 billion in 2012 and approximately 15,000 employees in 27 countries on five continents.  Additional information is available at www.owenscorning.com.

(Owens Corning Investor News)

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,196.19 -191.02 -1.10%
S&P 500 2,001.66 -27.89 -1.37%
NASDAQ 4,637.78 -43.7170 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs