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...Owens Corning, the Ohio-based maker of roofing materials has agreed to buy rival Paroc from its private equity owner CVC Capital Partners in a deal worth €900m including debt....
...On Wednesday, Owens Corning shares climbed 3 per cent to $53.83, Beacon Roofing Supply shares rose 0.8 per cent to $33.60, Builders FirstSource shares climbed 1.5 per cent to $13.69....
...Rising demand from the construction industry helped polish profits at Owens Corning, a maker of residential and commercial building materials....
...The US Supreme Court on Monday effectively ended a tussle between different creditors of Owens Corning, the bankrupt fibreglass manufacturer, appearing to uphold the seniority of guaranteed loans over unsecured...
...Owens Corning will now have to produce a new plan to repay its creditors....
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