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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