![]() Image: Owens Corning headquarters in Ohio, US. Ohio based Owens Corning is engaged in developing, manufacturing and marketing insulation, roofing, and fiberglass composites. Quad-C senior partner Steve Burns said: "We formed a great partnership with the founders of InterWrap, Rob Milne and Dave Shokar, and collaborated with management to execute on a strong collective vision for the business." In 2013, private equity firm Quad-C made its initial investment in InterWrap and partnered with the latter’s founders and management to implement its growth strategy. Owens Corning said earlier that the acquisition will strengthen its capabilities to support the conversion from organic to synthetic underlayments while accelerating growth in the roofing components market. Our two Canadian manufacturing facilities are located in Mission, British Columbia & Montreal, Québec. InterWrap CEO Eduardo Lozano said: "InterWrap and Owens Corning are organizations known for leading innovation and creating value in the markets they serve." The agreement to acquire InterWrap was signed in February 2016. The company is also engaged in manufacturing of industrial fabrics for water management, oil and gas mining, agricultural applications under the RhinoMat and RhinoSkin brands. It also provides lumber and metal packaging products including the Duramet and WeatherPro brands. InterWrap reported 2015 sales of US$250 million.InterWrap, through its facilities in the US, Canada, India and China, produces synthetic roofing underlayment, including the Titanium and RhinoRoof brands. They also manufacture Industrial Fabrics for water management, oil and gas mining, agricultural applications under the RhinoMat® and RhinoSkin® brands, and construction specialty products such as housewraps and facers. InterWrap produces synthetic roofing underlayment, including the Titanium® and RhinoRoof® brands, as well as Protective Packaging products including the Duramet and WeatherPro® brands. InterWrap operates facilities in the United States, Canada, India and China. We are proud to welcome them to our team.’ In so many ways, they mirror our own employees. ‘We have been impressed with their talent and innovative spirit. ‘The people of InterWrap should be extremely proud of the company they have built,’ Chambers added. InterWrap is a vertically integrated, global manufacturer of innovative coated woven products and diverse multi-layer laminated reinforced plastic substrates. The acquisition also provides new growth opportunities for us given that InterWrap is a leader in lumber and metal packaging. ‘This transaction strengthens our capabilities to support the conversion from organic to synthetic underlayments and accelerate our growth in the Roofing Components market. ‘It’s an exciting day for our company,’ said Brian Chambers, president of Owens Corning’s Roofing and Asphalt business. It has been a Fortune 500® company for 61 consecutive years. Vancouver, BC Jan 15th, 2013 - InterWrap launches new brand identity WeatherPro® for its industry leading line of protective packaging for the wood products industry. Based in Toledo, Ohio, Owens Corning posted 2015 sales of $5.4 billion and employs about 16,000 people in 25 countries. Ultimately, Owens Corning people and products make the world a better place. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. The firm develops, manufactures and markets insulation, roofing, and fiberglass composites. Owens Corning has announced that it has received all regulatory clearances and completed the acquisition of InterWrap, a leading manufacturer of roofing underlayment and packaging materials, for US$450 million.
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