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Ship Technology on MSNFincantieri sues US supplier for $100m in damages over unsafe fire panels
The lawsuit, filed last month in Ohio, alleges that Owens Corning's subsidiary Paroc sold products that were misrepresented ...
Company allegedly sold ‘fraudulently represented’ and ‘unsafe’ products to Italian group causing over $100mn in damages ...
The Explora I, run by cruise giant MSC, lost a crucial safety certification over faulty fire-resistant panels, per the newspaper, which cited unnamed sources. Paroc, a Finnish supplier of the ...
Paroc has identified 45 boats in operation with the faulty panels, including other types of ships run by other companies, the people said.
CVC Capital Partners has acquired Paroc Group for about 700 million euros. Based in Helsinki, Paroc is a maker of stone wool insulation in the Nordic and Baltic regions.
Paroc launches €505 million dividend recap loan By Claire Ruckin March 13, 20174:47 AM PDTUpdated March 13, 2017 ...
CVC Capital Partners has sold Paroc Group Oyj, a Finnish supplier of insulation products, to U.S. trade buyer Owens Corning Inc. for €900 million ($1.05 billion), Owens Corning said in a statement.
Paroc's 2017 sales are estimated at $477.2 million, and the company operates facilities in Finland, Lithuania, Poland, Russia, and Sweden. Owens Corning said the addition would boost its 2018 ...
Paroc’s contribution to the 2018 financial results of Owens Corning’s Insulation Business will reflect the period of ownership during the year.
Owens Corning, owner of Paroc AB, celebrated breaking ground on its new sustainability investment at the Paroc Hällekis plant in Sweden. The plant is converting from coke-fired furnaces to electric ...
The owners of Finland's Paroc are expected to launch a sale of the insulation material maker which could fetch more than 650 million euros ($894 million), three sources familiar with the matter said.
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