Owens Corning acquires composite decking manufacturer

Owens Corning has signed an agreement with JR Plastics Corporation to acquire WearDeck, a manufacturer of composite weather-resistant decking for commercial and residential applica-tions in North America.

According to the company, WearDeck products are made from high-density polyethylene (HDPE) and glass fiber technology. The company employs about 100 people at its headquarters and manufacturing facility in Ocala, Florida. It expects to deliver sales of about US$60 million in 2022, Owens Corning said.

“WearDeck brings exciting opportunities to further leverage our building materials expertise and glass fiber material science technology to significantly expand our current addressable markets,” said composites president Marcio Sandri.

Owens Corning reports that the North American decking market is currently more than US$7 billion and could grow at about 5% per year. Composite decking products capture over 30% of a market that is expected to increase in the coming years. The company plans to achieve US$10 billion in revenue by 2024.