Greenberg Traurig Represented Praana Group in Acquisition of Owens Corning’s Glass Reinforcements Business

NEW YORK - May 7, 2026 - Global law firm Greenberg Traurig, LLP represented Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, in connection with its acquisition of Owens Corning's (NYSE: OC) glass reinforcements business at an enterprise value of $645 million.

Praana Group is a diversified multinational business group with a global presence in specialty chemicals and advanced materials. Its portfolio includes Galata Chemicals, Artek Surfin Chemicals, Sterling Specialty Chemicals, and 3B Fibreglass. The group continues to expand its global capabilities through strategic acquisitions and investments across specialty chemicals and advanced materials, serving industries including construction, automotive, energy, textiles, and consumer sectors. Praana focuses on innovation, operational excellence, and long-term value creation while maintaining a strong commitment to governance, quality, and sustainable growth.

The multioffice Greenberg Traurig team was led by Kalyan "Kal" Das and Adam S. Namoury, shareholders in the Corporate Practice in New York, and Dario Ciapponi and Hailey Burton Petrick, associates in the Corporate Practice in New York.

Notably, Greenberg Traurig acted as lead global antitrust counsel to Praana Group. The integrated team successfully guided the deal through months of extended review across several jurisdictions in Europe and the Americas, ultimately obtaining all clearances with no remedy commitments. Greenberg Traurig's Antitrust Litigation & Competition Regulation team was led by Justin P. Hedge and Stephen M. Pepper in the United States; Robert Gago, Dr. Christoph Enaux, and Dr. Lucas Wüsthof in Europe; and Miguel Flores Bernés and Rocio Olea in Mexico.

In total, the Greenberg Traurig team consisted of more than 50 attorneys across 15 offices. Other shareholders included Luke Lado (London, Banking & Financial Services), Richard C. Kim (New York, Corporate), Cyril T. Brennan (Washington, D.C., International Trade), James Maynor (Northern Virginia, Tax), David M. Greenberg (New York, Intellectual Property & Technology), August Huelle (New York, Tax), Keshia M. Tiemann (Atlanta, Labor & Employment), Whitney Bly Edwards, Ph.D. (Atlanta, Labor & Employment), David Edington (Las Vegas, Real Estate), Giuliano Apadula (Philadelphia, Environmental), Dawn (Dan) Zhang (Shanghai, Corporate), Roberto Guerrero Comella (Mexico, Real Estate), Leslie Palma (Mexico, Labor & Employment), Rocío Olea Salgado (Mexico, Corporate), Koji Ishikawa (Tokyo, Corporate), Graham Iversen (London, Tax), Pietro Caliceti (Milan, Corporate), Mi Young (Audrey) Lee (Seoul, Corporate), Alexander Sellinger (New York, Corporate), Henrietta Walker (London, Corporate), Miriam C. Thompson (Atlanta, Immigration & Compliance), Georg von Wallis (Berlin, Tax), Wesley Boldewijn (Amsterdam, Tax), and Maarten de Boorder (Amsterdam, Corporate).

The team also included Rebecca Tracy Rotem (of counsel, Washington, D.C., Corporate), Dr. Robert Hardy (local partner, Amsterdam, Corporate), Daniel I. Schloss (of counsel, New York, Intellectual Property & Technology), Justin Allsop (of counsel, Las Vegas, Real Estate), Ewen Mitchell (consultant, London, Intellectual Property & Technology), Seung Won "Selina" Yoo (associate, New York, Corporate), Nickie Pickernell (senior associate, London, Finance), Suraj Padhiar (associate, Corporate, Finance), Sukhdeep S. Gill (associate, Philadelphia, Intellectual Property & Technology), Melissa T. Gaglia (associate, New York, Tax), Julia P. Dostal (associate, Philadelphia, Environmental), Jorge Andazola (associate, Mexico, Labor & Employment), Mitsuru Tadatsu (associate, Tokyo, Litigation), Keijiro Yodozawa (associate, Tokyo, Real Estate), Rodrigo Silva-Herzog Góngora (associate, Mexico, Real Estate), Natalia Mejia (associate, Mexico, Corporate), Claudia Amthor (associate, Berlin, Intellectual Property & Technology), Cecilia Caterina di Prisco (associate, Milan, Corporate), Hong Zhang (junior associate, Shanghai, Corporate), Kirsten Crovello (associate, Atlanta, Immigration), Jesse Hoek (associate, Amsterdam, Corporate), Eunice J. Park (associate, New York, Corporate), Paweł Fortuna (associate, Warsaw, Antitrust Litigation & Competition Regulation), Anayo Umeh (law clerk, New York, Corporate), Giorgia Faraone (law clerk, Milan, Corporate), and Emily Jane Chen (law clerk, London, Corporate).

Read the Owens Corning press release.