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The producer of glass fiber reinforcements for composite systems, announced it has reached an agreement with Fiber Glass Industries (FGI) to sell its global Twintex reinforcements rovings intellectual property rights and business portfolio.
FGI currently licenses the Twintex intellectual property from Owens Corning to produce its GLASS POLYPRO roving and fabrics in the U.S. With this purchase, FGI will acquire the existing portfolio of customers, the rights to the Twintex intellectual property globally, application knowledge and the rights to the Twintex trademark.
About Owens Corning Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune 500 Company for 57 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5 billion in 2010 and about 15,000 employees in 28 countries on five continents.
About Fiber Glass Industries Fiber Glass Industries, Inc. (FGI) has been a supplier to fiberglass composites manufacturers for more than 50 years. The company started with a full line of woven fiberglass and combination products. It is now one of the top producers of specialty fiberglass mat and cloth products for closed mold/RTM fiberglass composite manufacturers. FGI also produces high-strength stitch-bonded fiberglass fabrics for a variety of industries. FGI’s present Twintex roving capacity is sufficient to serve worldwide markets in addition to its domestic customers.
More information: www.fiberglassindustries.com and www.owenscorning.com