Baker McKenzie Advises Owens Corning in Divestiture of Its Glass Reinforcements Business for USD 755 Million

Baker McKenzie client Owens Corning announced that they have signed a definitive agreement with Praana Group for the sale of Owens Corning’s glass reinforcements business to Praana Group (through its subsidiaries) at an enterprise value of USD $755 million. This sale is a part of Owens Corning’s strategic plan to reshape the company to focus on residential and commercial building products in North America and Europe.

The Baker McKenzie team advising Owens Corning includes:

• Corporate/M&A: Alan Zoccolillo, Laura Estrada-Vasquez, Christian Atzler, Tiarna Meka and Zach Bassen
• Finance: Kevin Whittam and Estefania Lalinde
• HR/Benefits: Kimberly Franko, Bobby Sarkodee-Adoo, Danielle Gibbons, Christopher Guldberg and Nicolas Deguines 
• IP: Cynthia Cole, Emily Chan and Richard Yang 
• Carve Out: Claudia Poernig and Collin Stich
• AT/FIR: Teisha Johnson, Dukki Moon, Alexander Ehrle and Caroline Walka 
• Environmental: Jessica Wicha 
• Real Estate: Sarah Swain, Sarah Winston and Amanda Jaramillo 
• Tax: Tom May, Lane Morgan and Marharyta Bahno

Learn more on the deal here: Owens Corning to Sell Glass Reinforcements Business to Praana Group | Owens Corning