OC Purchases St. Gobain Composites.

Ed the Roofer

I know that St Gobain owns Certainteed, but will this affect the Certainteed line of shingles?

Ed

http://owenscorning.mediaroom.com/in...eases&item=302

A short snipet from the press release article.

Owens Corning to Acquire Saint-Gobain's Reinforcement and Composites Business

Converts previously announced joint venture agreement into outright acquisition

Accelerates Owens Corning's Global Growth Strategy

Improves Owens Corning's ability to serve Composites customers on a global and regional basis

TOLEDO, Ohio, July 27 /PRNewswire-FirstCall/ -- Owens Corning (NYSE: OC) today announced the signing of a definitive agreement under which Owens Corning will acquire Saint-Gobain's Reinforcement and Composites business for $640 million. The acquisition further builds Owens Corning's position as a market leader in glass reinforcements and composites.