Owens Corning is selling its glass reinforcements business to Mumbai, India-based Praana Group for $755M, aligning with its focus on North American and European building products.
Carlisle Construction Materials announces the retirement of Ron Goodman, a 43-year EPDM leader whose innovations and dedication shaped the commercial roofing industry.
Owens Corning will expand shingle manufacturing with a new southeastern U.S. facility set to open in 2027; the location will be announced later this year.
Raymond Corporation introduces iW.ObjectSense, a detection system that alerts lift truck operators to obstacles, enabling controlled slowdown and stops for enhanced safety.
QXO further escalates its takeover bid for Beacon: In the latest, the pursuer proposes a new board slate following the rejection of its $11B offer. Shareholders now face a pivotal decision in the battle for control.
QXO increases pressure on Beacon's board of directors as the takeover deadline nears, offering a 37% premium; Beacon remains opposed, but with no competing bids, shareholders may decide the company's future.