Owens Corning and The Home Depot Expand Relationship with New Strategic Insulation Partnership
October 05 2009 - 8:02AM
PR Newswire (US)
Multi-year agreement means that Owens Corning PINK Fiberglas(TM)
insulation will be offered in more than 2,200 The Home Depot stores
in North America TOLEDO, Ohio, Oct. 5 /PRNewswire-FirstCall/ --
Owens Corning (NYSE:OC), the most trusted brand in insulation,
today announced it has expanded its relationship with The Home
Depot®, the world's largest home improvement retailer, through a
new strategic insulation partnership. Starting in January 2010,
Owens Corning PINK Fiberglas(TM) insulation will be sold in more
than 2,200 of The Home Depot's stores across North America. "Owens
Corning is the clear leader in this market, and it is a brand that
people know and trust - when you think of insulation, PINK comes to
mind first. This partnership ensures that consumers and
professional contractors will continue to find everything they need
to do the job right at The Home Depot," said Craig Menear,
executive vice president, Merchandising, The Home Depot. "Owens
Corning delivers the quality products our customers expect backed
by a true leader in energy efficiency and sustainability." Unaided
awareness for Owens Corning's residential insulation among
homeowners has remained 10 times higher than any other insulation.
Owens Corning's insulation has also been consistently rated #1 by
builders year over year in Builder Magazine Brand Use Study. "This
strategic partnership allows us to bring together the combined
brand power of Owens Corning and The Home Depot," said Tom Quigley,
vice president and general manager of Owens Corning's Insulation
Business. "We are excited to expand our long-standing relationship
with The Home Depot to provide Owens Corning insulation products
that help make buildings more energy efficient. Buildings consume
40 percent of the energy used in the United States - that's more
than industry and more than transportation. Insulation helps reduce
energy use, greenhouse gases, and energy bills at a time when
people are looking to save money and do the right thing for the
environment." In line with The Home Depot's Eco Options program,
Owens Corning insulation products help increase the energy
efficiency of buildings, contain the highest level of certified
recycled content for fiberglass insulation in North America, and
are GREENGUARD Certified to meet the strictest standards for indoor
air quality. About Owens Corning Owens Corning is a leading global
producer of residential and commercial building materials, glass
fiber reinforcements and engineered materials for composite
systems. A Fortune 500 company for 55 consecutive years, Owens
Corning is committed to driving sustainability through delivering
solutions, transforming markets and enhancing lives. Founded in
1938, Owens Corning is a market-leading innovator of glass-fiber
technology with sales of $6 billion in 2008 and about 16,500
employees in 30 countries. Additional information is available at
http://www.owenscorning.com/. About The Home Depot The Home Depot
is the world's largest home improvement specialty retailer, with
2,242 retail stores in all 50 states, the District of Columbia,
Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces,
Mexico and China. In fiscal 2008, The Home Depot had sales of $71.3
billion and earnings from continuing operations of $2.3 billion.
The Company employs more than 300,000 associates. The Home Depot's
stock is traded on the New York Stock Exchange (NYSE:HD) and is
included in the Dow Jones industrial average and Standard &
Poor's 500 index. DATASOURCE: Owens Corning CONTACT: Investor &
Media Relations, Scott Deitz , +1-419-248-8935 Web Site:
http://www.owenscorning.com/
Copyright
Owens Corning (NYSE:OC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Owens Corning (NYSE:OC)
Historical Stock Chart
From Aug 2023 to Aug 2024