US-based Owens Corning has completed the acquisition of InterWrap, a manufacturer of lumber and metal packaging and roofing underlayment, in a deal worth $450m.

Further financial details of the transaction have not been disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Announced in February, the acquisition followed the receipt of all regulatory clearances.

Owens Corning Roofing and Asphalt business president Brian Chambers said: "This transaction strengthens our capabilities to support the conversion from organic to synthetic underlayments and accelerate our growth in the Roofing Components market.

"The acquisition also provides new growth opportunities for us given that InterWrap is a leader in lumber and metal packaging."

InterWrap produces synthetic roofing underlayment, including the Titanium and RhinoRoof brands, as well as protective packaging products, such as Duramet and WeatherPro.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"The addition of the InterWrap team will enhance our ability to expand into new applications and markets to create value for our customers."

The company reported sales of $250m in 2015.

Around the time the acquisition agreement was signed, Chambers said: "InterWrap is a pioneer in the synthetic underlayment and packaging industries.

"Owens Corning has a proud history of innovating in building materials, and the addition of the InterWrap team will enhance our ability to expand into new applications and markets to create value for our customers."

Owens Corning posted 2015 sales of $5.4bn, and employs about 15,000 people in 25 countries.