TAYLOR, Mich., (Feb. 14, 2011)-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.
Investor Relations Contact
Maria Duey
Vice President - Investor Relations
313.792.5500
maria_duey@mascohq.com
Media Contact
Kathleen Vokes
Director - Communications
313.792.6382
kathleen_vokes@mascohq.com