Owens Corning Acquires Spray Foam Manufacturer Natural Polymers

• Owens Corning Inc (NYSE:OC) has agreed to acquire Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois. Deal terms were not disclosed.
• Natural Polymers anticipates sales of $100 million in FY22. The company expects to maintain double-digit growth over the next several years.
• "This acquisition advances Owens Corning's strategy to strengthen our core building and construction products and expand our addressable markets into higher-growth segments," commented Todd Fister, president of Owens Corning's Insulation business.
• Benjamin Brown, President, and CEO of Natural Polymers, will join Owens Corning in an innovation leadership role.
• Owens Corning held cash and equivalents of $755 million as of March 31, 2022.
• Price Action: OC shares are trading lower by 0.05% at $75.89 on the last check Tuesday.