Owens Corning sells Twintex intellectual property to FGI

Fiber Glass Industries, which currently licenses the Twintex intellectual property rights from Owens Corning, will acquire it, application knowledge and the rights to the Twintex trademark. Owens Corning also reports that its ShieldStrand S fabric is approved for military use under MIL-DTL-64154B.

Owens Corning (Toledo, Ohio, USA), a global producer of glass fiber reinforcements for composite systems, on Feb. 16 announced it has reached an agreement with Fiber Glass Industries (FGI, Amsterdam, N.Y., USA) to sell its global Twintex reinforcements rovings intellectual property rights and business portfolio. FGI currently licenses the Twintex intellectual property from Owens Corning to produce its GLASS POLYPRO roving and fabrics in the U.S. With this purchase, FGI will acquire the existing portfolio of customers, the rights to the Twintex intellectual property globally, application knowledge and the rights to the Twintex trademark. The sale is expected to close at the end of the first quarter. The terms of the transaction are not being disclosed. 

In other Owens Corning news, the company reports that its ShieldStrand S fabric is approved for military use under MIL-DTL-64154B (glass fiber reinforced phenolic composite laminate) by the U.S. Army Research Laboratory. ShieldStrand S fabric provides the highest level of ballistic performance and is classified as Class C, Code 1 material. ShieldStrand S fabric meets EFP requirements for several armor configurations and the most demanding spall liner requirements. Developed specifically for armor applications, ShieldStrand S fabric can increase protection, payload and performance by reducing weight by up to 30 percent when replacing aluminum and up to 50 percent when replacing steel in certain applications.