Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Akanksha Bakshi

Owens Corning Agrees To Acquire WearDeck For Undisclosed Sum

Owens Corning OC

Owens Corning (NYSE:OC) has agreed with JR Plastics Corporation to acquire WearDeck, a composite decking, and structural lumber manufacturer. Deal terms were not disclosed.
The acquisition supports OC’s strategy to strengthen its position in building and construction products.
WearDeck products offer a durable solution for weather-resistant decking. WearDeck employs about 100 people and expects to deliver sales of about $60 million in FY22.
Owens Corning estimates the North American decking market to be more than $7 billion and grow at about 5% per year. Composite decking products capture over 30% of a market expected to increase in the coming years.
Owens Corning held cash and equivalents of $966 million as of December 31, 2021.
The transaction is anticipated to close by the end of Q2.
Price Action: OC shares are trading lower by 1.06% at $84.54 on the last check Monday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Pelicot rape trial: ‘It is Gisèle’s name that will be remembered’

Pelicot rape trial: ‘It is Gisèle’s name that will be remembered’

Woman who has become a feminist hero says she is ‘determined to change society’ as trial approaches its end

The Guardian - UK

Smoke without fire: Burning LA building which prompted 911 calls turns out to be movie set

Smoke without fire: Burning LA building which prompted 911 calls turns out to be movie set

Los Angeles Fire Department confirmed in a statement that the fire was not real

The Independent UK

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaragua's constitutional reform raises concerns over democracy and human rights due to increased presidential authority.

Tennessee Man Avoids Prison In Young Dolph Murder Case

Tennessee Man Avoids Prison In Young Dolph Murder Case

Jermarcus Johnson sentenced to probation for aiding killers in aftermath of rapper Young Dolph's murder. Case reveals complexities of music industry feuds.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

A Las Vegas homeowner shot to death in his own home by cops previously told dispatchers while reporting a break-in in a 911 call, "I don't think I'll be alive."

California case is the first confirmed bird flu infection in a US child

California case is the first confirmed bird flu infection in a US child

Health officials are confirming bird flu in a California child — the first reported case in a U.S. minor

The Independent UK

Related Stories

Top stories on inkl right now

Pelicot rape trial: ‘It is Gisèle’s name that will be remembered’

Pelicot rape trial: ‘It is Gisèle’s name that will be remembered’

Woman who has become a feminist hero says she is ‘determined to change society’ as trial approaches its end

The Guardian - UK

Smoke without fire: Burning LA building which prompted 911 calls turns out to be movie set

Smoke without fire: Burning LA building which prompted 911 calls turns out to be movie set

Los Angeles Fire Department confirmed in a statement that the fire was not real

The Independent UK

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaragua's constitutional reform raises concerns over democracy and human rights due to increased presidential authority.

Tennessee Man Avoids Prison In Young Dolph Murder Case

Tennessee Man Avoids Prison In Young Dolph Murder Case

Jermarcus Johnson sentenced to probation for aiding killers in aftermath of rapper Young Dolph's murder. Case reveals complexities of music industry feuds.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

A Las Vegas homeowner shot to death in his own home by cops previously told dispatchers while reporting a break-in in a 911 call, "I don't think I'll be alive."

California case is the first confirmed bird flu infection in a US child

California case is the first confirmed bird flu infection in a US child

Health officials are confirming bird flu in a California child — the first reported case in a U.S. minor

The Independent UK

Our Picks

Best tinted serums to get your skin glowing

The ultra-lightweight base product packed with skin-loving ingredients

Evening Standard

Dua Lipa’s pickle drink is latest twist in growing appreciation for ‘dirty’ cocktails

Brine from pickled onions, beetroot, pickles and even oysters is now a fixture on bar menus across the UK

The Guardian - UK

Mouth-taping, TikTok’s latest trend, won’t give you a ‘snatched’ jaw. Here’s what it might do

IN FOCUS: As the trend of taping one’s lips closed at night goes viral, Inga Parkel speaks to experts about whether the practice actually has any aesthetic benefits – or if it’s yet another online sensation best to brush off

The Independent UK

'Squid Game' showrunner teases 'more intriguing games' for season 2 of the Netflix hit

Plus, what's in store for fans when 'Squid Game' season 3 drops in 2025

Ellen DeGeneres embraces fresh start in England with bold new look

DeGeneres was seen with a brand new hairstyle while spending time in Jeremy Clarkson’s pub in the Cotswolds

The Independent UK

“People have used it as their wedding song. I often think, ‘Hey, did you listen to the lyrics?’”: The classic number one hit with a sting in its tail

And with the money it made, the band bought an oil well!

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play