TAYLOR, Mich., Feb. 14, 2011 /PRNewswire/ -- Masco Corporation
(NYSE: MAS) today announced an expanded strategic relationship in
which Owens Corning (NYSE: OC) becomes the preferred fiberglass
insulation provider to Masco Contractor Services. The
partnership between the leading installer and the largest
manufacturer of residential fiberglass insulation will enable the
companies to create a more efficient supply chain, increase
services to builders and homeowners and represents significant
opportunities for growth.
"Working closely with Owens Corning enhances Masco Contractor
Services' ability to grow its sales," said Timothy Wadhams, President and Chief Executive
Officer at Masco Corporation. "Collaboration throughout the
supply chain will create efficiencies in logistics, lower working
capital, consistent supply and better service for its customers.
With our combined leadership in building science, this relationship
will deliver substantial benefits to builders and homeowners."
Builders and homeowners will be served nationwide by these two
industry leaders with the more than 150 locations of Masco
Contractor Services and the substantial manufacturing footprint of
Owens Corning.
"As leaders in the building materials industry, it is only
natural for Owens Corning and Masco Contractor Services to work
together to deliver innovative, sustainable, and energy-efficient
solutions to the marketplace," said Owens Corning Chairman and
Chief Executive Officer Mike Thaman.
"We are particularly pleased that this agreement will feature our
revolutionary new Owens Corning EcoTouch™ insulation, which was
recently introduced at the International Builders' Show."
In addition to developing innovative energy saving solutions for
customers, the companies will work together to help shape energy
policy legislation and standards.
About Masco Corporation
Masco Corporation is one of the world's largest manufacturers of
brand-name consumer products for the home and family, including
Behr® paint, BrassCraft® water supply products, Delta® and
Hansgrohe® faucets, bath and shower fixtures, KraftMaid®, Merillat®
and Quality™ cabinets and Milgard® windows and doors.
Masco is also a leading provider of services that include the
installation of insulation and other building products through
Masco Contractor Services and Masco Home Services. For more
information on the Masco family of brands, visit www.masco.com.
About Masco Contractor Services
Masco Contractor Services companies (MCS) are leading installers
of residential insulation and other residential building products
including fireplaces, gutters, shelving and more. With locations in
most major metropolitan cities and more than 150 locations in
the United States, MCS combines
top-grade building products with superior installation
services. Go to www.mascocontractorservices.com for
additional information.
About Owens Corning
Owens Corning (NYSE: OC) 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 56 consecutive years, Owens Corning is
committed to driving sustainability by delivering solutions,
transforming markets and enhancing lives. Founded in 1938, Owens
Corning is a market-leading innovator of glass-fiber technology
with sales of $4.8 billion in 2009
and about 15,000 employees in 28 countries on five continents.
Additional information is available at www.owenscorning.com.
SOURCE Masco Corporation