Attached files
| file | filename |
|---|---|
| EX-99.2 - EX-99.2 - Owens Corning | d395807dex992.htm |
| 8-K - 8-K - Owens Corning | d395807d8k.htm |
 1 Signed agreement to acquire global brand leader of cellular glass
insulation and accessory products for
approximately $560MM in cash, on a cash-free and debt-free basis, subject to regulatory approvals Consistent with Insulation business strategy of geographic and product technology extension Value contributors: o Broadens range of attractive industrial & commercial applications o Adds strong and stable margins through the cycle
o Significantly strengthens our global Insulation
platform
o Leverages OC core glass technology strength
Business delivered revenue of over $240MM in
2016 and adjusted EBITDA margins in a
25%-27% range over last 4 years Expect acquisition to be accretive to 2017 EPS, excluding transaction
and integration costs Anticipate a run rate of $20MM of operational and commercial
synergies by mid-2019
Sources: Owens Corning SEC filings; management estimates and press release issued May 15, 2017
Pittsburgh Corning Acquisition
Strengthens Position of Insulation Business
Exhibit 99.1 |