Owens Corning Completes WearDeck Acquisition

Owens Corning has completed the acquisition of WearDeck, a composite decking and structural lumber manufacturer based in Florida. Owens Corning expects to significantly grow this business in the coming years and contribute to the company’s target of achieving $10 billion in revenue by 2024. The company estimates the North American decking market to be more than $7 billion and to grow at about five per cent per year. Composite decking products capture over 30 per cent of the market, a share that is expected to increase in the coming years.