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Published on 9/28/2005 in the Prospect News Distressed Debt Daily.

Owens Corning to buy Wolverine Fabricating

New York, Sept. 28 - Owens Corning said it has reached a tentative agreement to buy Wolverine Fabricating, Inc., a producer of side walls and other products for the RV industry.

Terms were not disclosed.

"This acquisition is a strategic addition to the Owens Corning Fabwel business," said Chuck Jerasa, general manager - Owens Corning Fabwel, in a news release. "The new combined product offering better serves our customers while extending our geographic reach to the West Coast of the U.S. The addition of Wolverine will allow us to expand our product offering and improve our market share within the RV industry."

Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 00-3837.


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