Owens Corning has signed an agreement to acquire Natural Polymers, LLC, an innovative manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois. The transaction is subject to regulatory approvals and other customary conditions and is anticipated to close in the third quarter.“This acquisition advances Owens Corning’s strategy to strengthen our core building and construction products and expand our addressable markets into higher-growth segments,” said Todd Fister, president of Owens Corning’s Insulation business. “Natural Polymers’ proven technology enables us to offer our customers a more diversified insulation product portfolio and solidify our commitment to provide long-term, sustainable solutions.”Upon close, Mr. Benjamin Brown, President and Chief Executive Officer of Natural Polymers, will join Owens Corning in an innovation leadership role.For identifying growth opportunities in North American Spray Foam Insulation Market: Trends, Opportunities and Competitive Analysis, please visit https://www.lucintel.com/north-american-spray-foam-insulation-market.aspx
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