Owens Corning Acquires Masonite for $3.9 Billion

February 9, 2024

Owens Corning entered into a definitive agreement to acquire all outstanding shares of Masonite for $133.00 per share in cash, valuing the deal at approximately $3.9 billion. The purchase, expected to close in mid-2024 subject to approvals, is intended to strengthen Owens Corning’s position in residential building materials by adding Masonite’s doors business and related brands.

Buyers
Owens Corning
Targets
Masonite International Corporation
Industry
Manufacturing
Location
Ohio, United States
Transaction Type
Buyout

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