Globalpu News: On June 21, 2022, Owens Corning announced that it had signed an agreement to acquire Natural, based in Cortland, Illinois Polymers Corporation, an innovative manufacturer of spray polyurethane foam insulation for construction. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the third quarter.

Todd, President of Owens Corning Insulation Business "This acquisition advances Owens Corning's strategy to strengthen our core building and construction products and expand our target markets into higher growth areas," said Fister. Proven technology enables us to offer our customers a more diverse insulation portfolio and reinforces our commitment to providing long-term, sustainable solutions. "

Natural Polymers Committed to developing high-quality products and systems that offer the lowest volatile organic compounds in the spray foam industry today. Many of the company's products are certified GREENGUARD Gold by Underwriters Laboratories—a third-party standard designed to help reduce indoor air pollution and chemical exposure risks.

Todd Fister "Over the past few years, we've seen many advancements across the spray foam industry, from standardized installer training to product improvements, making this material an even more attractive solution," said Natura. Polymers' focus on product development provides Owens Corning with a foundation upon which we can leverage our materials science knowledge to drive innovation and differentiate our business. "

Natural Polymers expects to achieve sales of about $100 million by 2022. The business has demonstrated a strong track record of above-market growth and is expected to continue delivering double-digit growth over the next few years.

Benjamin, President and CEO, Natural Polymers Brown said: "I am excited about this transaction and believe that Owens Corning is best positioned to accelerate business growth, benefit our customers and support our vision of creating the best spray polyurethane foam brand in the industry. In conclusion, I believe that we Have the best people, technology and capabilities.”

Following the closing of the transaction, Mr. Benjamin Brown will join Owens Corning in an innovation leadership role.

Financial terms of the deal were not disclosed.