India, Sept. 16 -- The Government of India issued the following news release:
The Competition Commission of India has approved the proposed acquisition of the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. (OC India Sellers) in Owens-Corning (India) Pvt. Ltd. (Target) by Triumph Composites Pvt. Ltd. and Quartz Fibre Private Limited.
Triumph Non-Ionics Private Limited (now, Triumph Composites Private Limited)/Acquirer 1, 3B Lux S.A R.L, Owens Corning, Artek US Holding Corp. and Ayana Chemicals Singapore Pte. Limited have entered into a Master Share Purchase Agreement (MSPA) dated February 13, 2025, pursuant to which the parties to the MSPA have agreed to the sale of Owens Corning's glass fibre reinforcement business, glo...