Owens Corning Reaches Definitive Agreement to Sell
Masonry Products Business for a Minimum of $90 Million
TOLEDO, Ohio, Dec. 15, 2010 – Owens Corning (NYSE: OC), a world leader in building materials and glass fiber reinforcements, announced today that it has reached a definitive agreement with Boral Industries Ltd. to sell its Masonry Products business.
The divestiture will be in two stages. Owens Corning will sell a 50 percent stake in its Masonry Products business to Boral Industries Ltd. for $45 million at closing. The Masonry Products business will then be operated jointly until early 2014. At that time, Owens Corning will sell its remaining 50 percent stake for $45 million and may receive additional proceeds depending on 2013 financial performance. Owens Corning will record an impairment charge estimated to be $115 million, which is primarily related to goodwill and other intangible assets assigned to the business as part of fresh start accounting.

Boral will assume operational control of the business at closing. During the period of joint ownership, Owens Corning and Boral will work together to ensure maximum performance.

The transaction is expected to close by year-end and is subject to regulatory approval.

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 16,000 employees in 28 countries on five continents. Additional information is available at www.owenscorning.com.
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REMODELERS CAN NOW TRANSFORM HOMES FROM UNINVITING TO UPSCALE IN AS LITTLE AS ONE DAY WITH OWENS CORNING™ VERSETTA STONE™ PANELSNEW STONE VENEER INSTALLS IN PANELS OVER EXISTING SUBSTRATES—NO MORTAR REQUIRED TOLEDO, Ohio –

April 22, 2010 – Owens Corning (NYSE: OC) today introduced Versetta Stone™, the company’s newest line of manufactured stone veneer. Versetta Stone is a non-structural, masonry wall cladding that installs in as little as one day with the ease of a siding product—no mortar required. Versetta Stone panels can significantly expand the business of remodelers and siding contractors by giving them a new option to help homeowners achieve a beautiful stone finish, indoors and out, in as little as one day. Mechanical fasteners enable quick installation in any weather. Versetta Stone panels are easily installed with a nail gun or screws, eliminating the need for mortar. Available in six natural texture/color options, Versetta Stone panels come with a complementary line of accessories to finish the look. “Remodelers are always looking to differentiate, and Versetta Stone panels are a beautiful option that can quickly and dramatically transform homes—and businesses—in a single day,” said Bill LeBaron, vice president and general manager of Owens Corning Masonry Products. “Owens Corning is a leader in manufactured stone veneers because we bring beauty, reliability and sustainability to this category. Versetta Stone panelized stone represents an extension of this leadership position.” Homeowners will enjoy the immediate enhanced curb appeal from the look of stone, which has proven to add to the perceived value of homes during the selling process. In addition, homeowners can feel confident in their selection of Owens Corning™ Versetta Stone panelized stone veneer as it comes with an industry leading 50-year limited warranty, including one-time transferability, and is made with a minimum 50 percent validated recycled content[i][1] – the highest third party validation of recycled content for manufactured stone products. For builders and designers, Versetta Stone panels have been approved under the National Association of Home Builders (NAHB) Research Center Green Approved Products seal of approval. The Green Approved mark indicates third-party documentation and approval by the NAHB Research Center that a building product contributes to compliance of specific green practices and can earn points towards the National Green Building Standard.Owens Corning is initially offering Versetta Stone panels in a limited distribution in the east coast. To learn more about Versetta Stone™ panels visit www.versettastone.com or call 1-800-GET-PINK®. About Owens CorningOwens 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 55 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 16,000 employees in 28 countries on five continents. Additional information is available at www.owenscorning.com.

Instone expands into the Midwest

Istone
Instone expands into Midwest market – becoming one of the largest US distributors of masonry products…
Instone moves into the Midwest market place with the acquisition of Hearth and Home Technologies building materials division, making Instone one of the largest masonry wholesale distributors covering the Mid-Atlantic, Northeast and the Midwest United States.
Alsip, Ill , February 23, 2010: Instone, a New Jersey based company who is one of the largest wholesale distributor of Owens Corning Cultured Stone® in the United States, distributing from Maine to Virginia, now moves into the Midwest market with the acquisition of the Hearth & Home Technologies Alsip building materials distribution center. When Hearth & Home Technologies became available for sale, Gordon Strout President and CEO of Instone saw the opportunity as vital to the continued growth of the company. “In spite of the sluggish economy this was an opportunity to position ourselves in a market place with huge growth potential” said Strout. “We may never see housing starts as in 2006 but we are confident that the market is returning to a level that will allow for growth opportunity and being in this region is how we plan on accomplish this” remarks Strout.
This as an opportunity for Intone to move into the mid-west market and looks to duplicate the success it has seen in the east.. Owens Corning Cultured® Stone Division supports the acquisition and the entrance into this new market by Instone. “We have a strong platform to build off of, our staff out of Chicago has built a wonderful masonry distribution business over the past 25 years with Cultured Stone® and other key suppliers. We look forward to the opportunity to build upon this heritage.”
Heading up the Instone Midwest Region will be Kevin Grotke. Kevin joins Instone after spending the past 10 years at Owens Corning in various Operational, Sales and Marketing roles for the Cultured Stone® business. Kevin looks to build upon the strong relationship between the dealers in this market, Owens Corning and other strategic suppliers for success.
Instone is Headquartered in Millstone Township NJ for more information on Instone Please visit http://www.instoneco.com/ or please contact Cathy Williams Marketing Manager of Instone 888-467-8250 c.williams@instoneco.com

Out Door Living with Cultured Stone

Select Installer program- Good for everyone

Select Installer program benefits all

In a continuing effort to increase participation in the Owens Corning Select Installers program, Instone has created an informative brochure that provides all the benefits, details and information needed to become a Select Installer.

Why should Dealers sign up masons? When you sponsor a mason you create a loyal customer, and now have qualified masons to refer to home owners and General Contractors.

Why use a Select Installer?Each mason is checked out by Owens Corning Cultures Stone for credit worthiness, quality of work going back 3 years, is instructed by Owens Corning on installation guidelines and is certified to install. You create

Whats in it for the mason? You have the backing of Owens Corning. You will receive a certificate that lets home owners know that you have meet the high standards set by an industry leader.You are now eligible for job referrals and free marketing support and co-op dollars.

To received a supply of the new Select Installer brochure please contact Instone and we will mail them on your request. Please be sure to give these out and keep them easily available to your customers. We hope that you will encourage participation and support the Select Installer program.

Thank you.

Sincerely Cathy Williams

Marketing Manager

888-467-8250

mailto:c.williams@instoneco.com

Calling all Remodelers

Attention All Remodelers!

Now more than ever you need to “include it all”!

Increase your service offering. Say “yes” to more home remodeling opportunities.

• Outdoor fireplaces, outdoor kitchens, backyard improvements, interior fireplaces, accent walls, entrance ways…. Offer them all.


• Now with an Installed Sale Solution you can.
  Instone will assist you in creating a relationship with an Owens Corning "Select Installer".
  Each installer has been certified and screened to meet strict standards which include installation quality and background check.
  


• Instone will provide your sales team with sell books, basic instructions on how to sell and quote.
  


• Partner with an industry leader. Increase your market share with increased services. Contact Instone today to learn more about Installed Sale Solutions. 888-467-8250 or via email info@instoneco.com.

Pink is the new Green

Pink is the new green!

Owens Corning, strives to meet today’s building needs without compromising the world we leave to the future. Click here to read more about how Pink is the new green.




Masonry Veneer Manufacturer to receive 'Green Approved' product sealfrom NAHB Research Center click here to read more.

Instone can assist you with a Cultured Stone dealer in your area. Call today, 888-467-8250. Contact us for a dealer near you.

Outdoor fireplaces have exploded in popularity because they bring so much enjoyment to the backyard and can extend your use from early spring to late fall.The popularity can also be contributed to the beauty a fireplace can add to a home.

With all of the color, textures and styles of manufactured and natural stone veneer to choose from, you can create a one of a kind showpiece.

Fires mesmerize, give warmth and create ambiance with sounds and smells of crackling wood. There is nothing like sitting around a fire when entertaining family and friends.

Your backyard will become an extension of your living and entertainment space, giving your home a laidback feeling of comfort.

If you are thinking of taking advantage of the low interest rates by taking out a home improvement loan, think about an outdoor fireplace. It's one home improvement that will add value that you can enjoy right now for this summer. Just add the Smores! Allow one of our "Select Installer" masons provide a quote on an outdoor fireplace for your home. Contact Instone today.
Tip:
Outdoor fireplaces come in a variety of sizes, styles and price points. There is an outdoor fireplace of one type or another for every person. The first thing to check is your local codes and laws as some municipalities have real concerns about outdoor air quality. Traditional wood-burning fires can create air pollution problems when certain weather conditions create an inversion which traps smoke particles in the air. If local laws prohibit wood-burning fireplaces, look for approved models that may be fueled with natural gas or propane.

For the do-it-yourselfer, Instone can assist you with a Cultured Stone dealer in your area. Call today, 888-467-8250. Our dealers can supply you with a complete outdoor fireplace package. Contact us for a dealer near you.
Attention All Remodelers!


Master Distributor of exceptional manufactured and natural stone veneer products
Contact us Phone: (888) 467-8250 Email: info@instoneco.com .