Owens Corning Discloses Sale of Global Glass Reinforcements Business

Owens Corning has finalized the sale of its global glass reinforcements business to Triumph Composites Private Limited, an affiliate of the Praana Group. Originally agreed upon on February 13, 2025, the definitive agreement was amended on April 14, 2026, adjusting the enterprise value from $755 million to $645 million. The transaction, which closed on April 30, 2026, is expected to yield approximately $280 million in net after-tax proceeds for Owens Corning. The company plans to utilize these proceeds to support its capital allocation strategy, including funding organic growth and returning capital to shareholders. The filing also includes forward-looking statements discussing potential risks and uncertainties that could impact future results.