Owens Corning $3.9 billion acquisition of Masonite International
We are advising Owens Corning on the acquisition
Davis Polk is advising Owens Corning on its $3.9 billion acquisition of Masonite International Corporation. The transaction is expected to close mid-2024, subject to Masonite shareholder approval, regulatory approvals and other customary closing conditions, including the issuance of interim and final orders by the Supreme Court of British Columbia approving the plan of arrangement.
Founded in 1938 and based in Toledo, Ohio, Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Its three integrated businesses – roofing, insulation and composites – provide durable, sustainable, energy-efficient solutions that leverage its unique material science, manufacturing and market knowledge.
Founded in 1925, Masonite designs, manufactures and markets doors and door systems, with a vertically integrated manufacturing model, serving both repair and remodel and new construction demand. Masonite operates 64 manufacturing and distribution facilities, primarily in North America, and has over 10,000 employees globally.
The Davis Polk corporate team includes partners James P. Dougherty and Cheryl Chan and associate Heather Weigel. Partner Jennifer S. Conway is providing executive compensation advice. Partner Vanessa L. Jackson is providing finance advice. Partner Marcel Fausten is providing capital markets advice. Partner William A. Curran is providing tax advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner Pritesh P. Shah is providing intellectual property advice. Counsel David A. Zilberberg is providing environmental advice. All members of the Davis Polk team are based in the New York office