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Owens-Corning's acquisition by Triumph Composites, Quartz Fibre cleared in India

( September 17, 2025, 00:45 GMT | Official Statement) -- MLex Summary: The acquisition of Owens-Corning (India), a key player in the country's glass fibre market, by Triumph Composites and Quartz Fibre has received merger clearance. The Competition Commission of India cleared the deal, which is part of a larger global transaction for the sale of Owens Corning's worldwide glass fibre reinforcement business. The acquisition sees Triumph Composites and Quartz Fibre taking over the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. in Owens-Corning (India). The CCI clearance,  announced on Tuesday, is seen as crucial for finalizing the international transaction. The commission said it would release a detailed order shortly.Statement by the Competition Commission of India follows: ...

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