CLOVERDALE, CA, February 4, 2016-

Even as it starts up a new plant of its own in North Carolina, Owens Corning announced simultaneously with Ahlstrom Corp. late last month that it will buy Ahlstrom's Building & Wind business in a Euro 73 million ($79.5 million) transaction. The acquisition should be wrapped up in the first half of this year.

Making its announcement, Ahlstrom said "The Building & Wind business unit produces glassfiber tissue used mainly in flooring applications as well as reinforcements used in windmill blades. In 2014 the net sales of the business was approximately EUR 77 million and the business was profitable."

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