07:58 AM EST, 02/14/2025 (MT Newswires) -- Owens Corning ( OC ) said it has agreed to sell its glass reinforcements business to India's Praana Group for an enterprise value of $755 million.

The transaction is expected to close this year.

The business generated 2024 revenue of about $1.1 billion and has around 4,000 employees in 12 countries, the company said.

Owens said the sale is a part of a plan to focus on residential and commercial building products in North America and Europe.