Owens Corning to Sell Glass Reinforcements Business to Praana Group
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Owens Corning has agreed to sell its glass reinforcements business to Praana Group for $755 million. This move is part of Owens Corning's strategic realignment.
February 14, 2025 | 12:45 pm
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Owens Corning is selling its glass reinforcements business to Praana Group for $755 million, indicating a strategic shift in its business operations.
The sale of the glass reinforcements business is a significant move for Owens Corning, suggesting a strategic realignment. This could positively impact the stock as it may lead to a more focused business strategy and potential reinvestment of capital.
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