Owens Corning Completes Acquisition of Paroc Group
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Owens Corning has announced that it has received all regulatory clearances and completed the acquisition of Paroc Group (“Paroc”), a leading producer of mineral wool insulation for building and technical applications in Europe, for an enterprise value of approximately €900 million. “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
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