Owens Corning
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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Sep 30, 2024 · Filed Nov 6, 2024
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18. Subsequent Events
- SUBSEQUENT EVENTS
On November 4, 2024, the Company entered into an agreement to sell its building materials business in China and Korea to a member of the business’s management team. The transaction includessix insulation manufacturing facilities in China and a roofing manufacturing facility in Korea. The building materials business, within the Insulation segment, represents annual revenues of approximately $130 million. The transaction is expected to close mid-2025 and result in a loss that cannot be estimated at this time.
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