Toledo, Ohio – Owens Corning is to buy Natural Polymers, a polyurethane systems house specialising in spray foam formulations.
Owens Corning expands into spray foam
No price was disclosed for the deal, which is expected to close in the third quarter of this year. According to Owens Corning, in 2022, Natural Polymers is expected to turn over $100m. The business has demonstrated a strong track record of above-market growth, it said, and is expected to continue to achieve double-digit growth over the next few years.
Natural Polymers’ formulations are low VOC products, and a number of them have been Greenguard Gold Certified by Underwriters Laboratories.
Owens Corning produces roofing and insulation products based around glass fibre. CEO Tod Fister said the purchase would allow his company to offer its customers a more diversified insulation product portfolio.