 |
FGS Global represents Owens Corning as it announced a $3.9B deal to acquire Masonite International, a leading supplier of doors for the remodeling and new construction markets.
Founded in 1925, Masonite, which uses Collected Strategies for financial PR, operates 64 manufacturing and distribution facilities, primarily in North America.
Owens Corning views Masonite as “a new growth platform” that strengthens its position in the residential building materials arena and extends its offering of brands.
Howard Heckes, CEO of Masonite, said the deal “brings together two storied companies with a common focus on innovation and making life better at home for the people who use our products every day.”
Owens Corning’s $133 per share offer for Masonite represents a 38 percent premium from its Feb. 8 closing stock price.
FGS Global has Jared Levy, Niel Golightly and Dan Goldstein representing Owens Corning.
Collected Strategies’ Masonite team includes Jude Gorman, Tali Epstein and Jim Golden.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
FGS Global keeps its position at the top of the heap in Mergermarket’s rankings of the top PR advisors in M&A deals for 1H26.
