Indratech is a leading manufacturer of advanced fiber materials used in seating, bedding, acoustical and packaging applications. With this purchase, Indratech adds a third site to the company, extending its technology base and application portfolio in the automotive market.
The terms of the transaction are not being disclosed.
About Owens Corning
Owens Corning 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 58 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 $5.3 billion in 2011 and about 15,000 employees in 28 countries on five continents.
Indratech is North America’s leading manufacturer of polyester-based alternatives to traditional cushioning products. Headquartered in Troy, Michigan, the company is clear in its mission: to offer a safer and healthier replacement to conventional commodity products. Indratech uses a proprietary manufacturing process and world-class technology to distinguish its patented Indura® Performance Fiber™ from the industry’s standard applications. With manufacturing facilities in Michigan and Indiana, Indratech materials are used for acoustical, furniture, bedding, athletics, packaging, transportation and other industries.