News Release

Media Contact

Chuck Hartlage

Corporate Media Relations

419-248-5395

chuck.hartlage@owenscorning.com

Media Contact

Chuck Hartlage

Corporate Media Relations

419-248-5395

chuck.hartlage@owenscorning.com

Owens Corning Infrastructure Solutions Acquires Concrete Reinforcement Division of Hughes Brothers, Inc.

Transaction Broadens the Composites Business Portfolio to Continue its Growth

Thursday, July 6, 2017 10:24 am EDT

Owens Corning Infrastructure Solutions, part of the Composites business of Owens Corning (NYSE: OC), announced today that it has completed the acquisition of Aslan FRP™, the concrete reinforcement business of Nebraska-based Hughes Brothers, Inc. Terms of the deal were not disclosed.

Aslan FRP produces and markets glass and carbon FRP (fiber reinforced polymer) products, also known as composite rebar, used to reinforce concrete in new and restorative infrastructure projects such as roads, bridges, marine structures, buildings and tunnels.

“Infrastructure represents an important area of focus for Owens Corning Infrastructure Solutions to both grow our business and provide tangible, long-term benefits globally,” said John Amonett, general manager, Infrastructure, Owens Corning. “The addition of Aslan FRP broadens our portfolio of composite solutions and adds new products that enhance the performance of concrete structures, while being lighter-weight and more corrosion-resistant than conventional steel reinforcements.”

“Owens Corning’s extensive portfolio and experience, combined with the company’s focus on infrastructure reinforcements, makes it the ideal owner to move the Aslan FRP business forward,” said John Hughes, president, Hughes Brothers, Inc. “This decision allows us to sharpen our focus on serving the high voltage transmission and distribution market.”  

Composite rebar represents a compelling alternative to steel reinforcements with advantages including corrosion-resistance, improved durability, lightweighting, enhanced ease-of-installation, greater tensile strength and long service life. 

About Owens Corning

Owens Corning (NYSE: OC) develops, manufactures and markets insulation, roofing, and fiberglass composites. 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. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2016 sales of $5.7 billion and employs 17,000 people in 33 countries. It has been a Fortune 500® company for 63 consecutive years. For more information, please visit www.owenscorning.com.

Media Queries:  Todd M. Romain, 419-248-7826, todd.romain@owenscorning.com

Investor Queries:  Thierry Denis, 419-248-5748, thierry.j.denis@owenscorning.com