10/2/2024, 1:04:05 pm

Owens Corning to buy Masonite in $3.9 billion deal

Owens Corning will acquire door maker Masonite International for $3.9 billion in an all-cash deal, offering a 38% premium on Masonite's last closing price. The acquisition will enhance Owens' home-building portfolio and expand its reach with Masonite's 64 manufacturing and distribution facilities across North America. Masonite will operate as a reportable segment under Owens.