Owens Corning To Acquire Outstanding Shares Of Mexican Joint Venture
February 3, 2004
Owens Corning it has reached an agreement with Vitro S.A. de C.V., a Mexican corporation, to purchase its interest in a holding company that owns Vitro Fibras, a Mexico-based joint venture of the companies. Owens Corning currently has a 40% ownership position in the joint venture, which was formed in 1957. "We are really excited about the opportunity to support the growth of our customers by investing in additional manufacturing capacity with facilities and people that are already familiar with Owens Corning processes and commitment to quality," said Owens Corning CEO Dave Brown. "This move gives us additional opportunities for growth in the United States and opens up numerous avenues for additional growth in Mexico and Latin America."
For more information, call (800) GET-PINK or visit http://www.owenscorning.com .