Owens Corning Stock After Divestiture: A Leaner, Stronger Play?

Owens Corning (OC) has announced the sale of its glass reinforcements business to India-based Praana Group for $755 million. This transaction marks the completion of Owens Corning’s strategic review and reinforces its focus on residential and commercial building products in North America and Europe.The divestiture is a strategic step that will streamline Owens Corning’s portfolio, making it a more capital-efficient leader in the building products industry. The move also allows the company to reallocate reso ...