Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 144,313 pages of information and 230,176 images on early companies, their products and the people who designed and built them.

Owens-Corning Building Products (UK)

From Graces Guide

Jump to: navigation, search

1938 Owens Corning Fiberglas Corporation was formed as a joint venture between the Owens-Illinois Glass Company of Toledo, Ohio, and Corning Glass Works of Corning, New York, to manufacture fibreglass insulation and furnace filters.

In the early 1950s a US anti-trust decree required partial divestment of their shareholdings by the original partners and the company later obtained a stock exchange listing.

1994 Owens Corning acquired Pilkington Insulation, following which the name of the company was changed to Owens-Corning Building Products (UK) (OCPB)

1994 Acquired Kitson's, a distributor of thermal, acoustic, safety and fire protection materials, a major customer of OCBP, also from Pilkingtons

OCBP had two factories manufacturing glass wool and one, Queensferry, manufacturing stone wool.

1995 Owens-Corning Fibreglass (UK) Ltd changed its name

1997/8 Kitson's and the Queensferry plant were identified for sale as neither was performing in line with the Owens Corning internal benchmark for required rate of return on shareholders’ funds.

1998 Kitson's was sold to SIG and an agreement for sale of the Queensferry plant to Rockwool was signed in September 1998 but referred to the Competition Commission.

See Also


Sources of Information