OC - Masonite International And Owens Corning Open A Door To A Shared Future
2024-02-22 16:36:40 ET
Summary
- Owens Corning has struck a deal to acquire Masonite International Corporation in an all-cash transaction for $2.9 billion.
- The combined companies are expected to generate around $12.5 billion in revenue in a $75 billion market.
- Owens Corning expects to achieve $125 million in annual run rate synergies by the second year following the close of the transaction.
Over the past several days now, a number of interesting developments have emerged regarding both Masonite International Corporation ( DOOR ) and Owens Corning ( OC ). On February 9th, news broke that Owens Corning struck a deal to acquire Masonite International in an all-cash transaction. And then, on February 14th, the management team at Owens Corning announced financial results covering the final quarter of its 2023 fiscal year. This was followed up on February 19th by the management team at Masonite International announcing financial results for its final quarter of the same fiscal year....
Masonite International And Owens Corning Open A Door To A Shared Future