Owens Corning Decides To Review Strategic Alternatives For Its Global Glass Reinforcements (GR) Business
Portfolio Pulse from Benzinga Newsdesk
Owens Corning is exploring strategic alternatives for its Global Glass Reinforcements (GR) business, a part of its Composites segment. This business, with $1.3 billion in annual revenues, operates in 11 countries and has 18 manufacturing facilities.
February 09, 2024 | 12:05 pm
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Owens Corning is reviewing strategic alternatives for its GR business, which could include a sale, merger, or other options. This business contributes $1.3 billion to annual revenues.
Exploring strategic alternatives often leads to actions like sales or mergers, which can unlock value or focus resources on more profitable segments. Given the GR business's significant revenue contribution, any decision could have a notable impact on Owens Corning's financials and strategic direction, likely viewed positively by investors seeking optimized operations and profitability.
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