Owens Corning Corporation is the world's largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity on November 1, 1938. However, major medical liabilities due to the company's use of asbestos as a fireproofing agent led to the company's Chapter 11 bankruptcy in 2000. The company emerged from Chapter 11 in October 2006.
In 1979 Owens Corning licensed The Pink Panther to be the mascot for the company. In 2007 Owens Corning and MGM renewed the licensing agreement for another 15 years. Sarah Baisley wrote about the deal in an article for Animation World Network. More can be read about the deal in Marlene Harris-Taylor's 2013 article in the Toledo Blade.