Crane Composites acquires panel operation

Crane Composites has announced the recent acquisition of 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, Indiana, operation 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, Indiana.

In addition to the acquisition, Crane Composites has two other locations in the Goshen area that manufacture exterior sidewall panels and facilitates product service and delivery of the Filon and Noble brand products to RV manufacturers.

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