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| Owens Corning to acquire Modulo/ParMur Group Owens Corning, the world's largest producer of manufactured stone veneer products, has signed a purchase agreement to acquire The Modulo /ParMur Group, a market-leading producer and distributor of manufactured stone veneer in Europe. The transaction, valued at approximately $32 million (Euro 25.5 million), is expected to close in September. The transaction is subject to the approval of applicable regulatory and judicial authorities. The Modulo/ParMur Group, based in Bray-sur-Seine, France, designs, manufactures and markets manufactured stone veneer wall and floor products under the Modulo and ParMur brands. Modulo and ParMur are plaster-based interior wall and cement-based exterior wall-cladding products, which are distributed primarily through the Do-It-Yourself (DIY) market in Europe. In addition to Bray-sur-Seine, the company operates two additional manufacturing sites in Forbach, France, and Turda, Romania. write your comments about the article :: © 2006 Construction News :: home page |