TOLEDO, OHIO - Owens-Corning Fiberglas Corp. announced Dec. 4 that it acquired Fiber-Lite, a maker and molder of fiberglass insulation products for the automotive and office furniture markets. Terms were not disclosed. Privately held Fiber-Lite, based in Maumee, Ohio, had sales of $33 million last year. It employs more than 150 at plants in Athens, Ala.; Angola, Ind.; and Hebron, Ohio.
Fiber-Lite purchases uncured fiberglass molding material from Owens-Corning, which it chemically treats and dries. The material, resembling a woollike insulation, then is processed by Fiber-Lite or sold to third-party molders.
Fiber-Lite processes the material by placing it in a heated compression mold, where the woollike fiberglass is cured into rigid shapes. The material is then useful for acoustical and thermal insulation.
In automotive, the company makes panels used for headliners, hoodliners and firewall insulation. Office panels and screen dividers are common office furniture applications.
Doug Blasiman, general manager of Fiber-Lite, now will report to Mike Thaman, director of original equipment business for Owens-Corning. Based in Toledo, Owens-Corning is a major producer of glass and composites with sales of $3.4 billion.