Crane Composites Inc, a division of Crane Co, has acquired the composite panel business of Owens Corning. The acquired business, a portion of the Fabwel segment of Owens Corning's Composite Solutions unit, had sales of $40 million in 2006.
The Goshen IN operation currently supplies high-gloss fiberglass exterior sidewall panel products to the recreational vehicle market and other related industries. In addition, Crane Composites will acquire the related technical center in Elkhart IN.
Crane Composites has two other locations in the Goshen area that manufacture exterior sidewall panels and facilitate product service and delivery of the Filon and Noble brand products to RV manufacturers. The company has already expanded its field sales and support presence in the area.