Owens Corning To Acquire Wolverine Fabricating, Inc.
TOLEDO, OHIO (Wednesday, September 28, 2005) -
Owens Corning announced today that it has reached a tentative agreement to acquire Wolverine Fabricating, Inc., a producer of side walls and other products for the RV industry. Terms were not disclosed. "This acquisition is a strategic addition to the Owens Corning Fabwel business," said Chuck Jerasa, general manager - Owens Corning Fabwel. "The new combined product offering better serves our customers while extending our geographic reach to the West Coast of the U.S. The addition of Wolverine will allow us to expand our product offering and improve our market share within the RV industry. We are very excited about this opportunity and look forward to working with Wolverine and its employees as we increase our participation in the growing RV and cargo trailer industries." Located in Riverside, California, Wolverine produces exterior side walls, fold-down ramp doors, motor home basement doors and full interior walls for the RV industry. Steve Thomas, president - Wolverine, will remain as a key part of the Owens Corning Fabwel management team. "The leadership position of Owens Corning Fabwel in the RV side-wall market carries Wolverine far beyond its own capability alone," said Thomas. "This is a great opportunity for Wolverine to grow with a strong Owens Corning brand in the industry." For the past 33 years, Owens Corning Fabwel has been the leading manufacturer and fabricator of RV components and side walls, providing integrated solutions for recreational vehicles, marine and transportation businesses worldwide. The company is a fabricator of fiberglass, aluminum and steel products for supply to the RV and cargo trailer industries. Owens Corning is a world leader in building materials and composites solutions systems. Additional information is available on Owens Corning's Web site at http://www.owenscorning.com or by calling the company's toll-free general information line: 1-800-GET PINK.
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Owens Corning Basement Finishing System
One Owens Corning Pkwy.
Toledo,
OH
Phone: (419)248-6843
Fax: (419)325-1192
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