BUILDING materials manufacturer Etex has completed the acquisition of Stirling-based insulation producer Superglass.
With this deal, Etex extends its European footprint for insulation beyond its existing presence with glass mineral wool and extruded polystyrene manufacturer URSA.
Superglass is a major player in the glass mineral wool insulation market and has 200 employees.
Superglass will become a new market area for the Etex’s insulation division, which now consists of 11 plants across Europe, over 1,500 employees and two brands: Superglass and URSA. The latter manufactures both glass mineral wool and extruded polystyrene (XPS).
The UK activities will be led by Theresa McLean as general manager UK, who has run Superglass over the last few years. She said, “Etex provides the perfect home for Superglass, joining a strong portfolio of lightweight building brands. Etex’s heritage and reputation in Europe and beyond, as well as its commitment to sustainability, provide a strong growth platform for our business, which continues to perform very well.”
Bernard Delvaux, CEO of Etex, commented, “Etex has a clear focus to be the most innovative and sustainable global lightweight building material manufacturer. Joining forces with Superglass today is a great step forward on our growth path in insulation, just one year after we acquired URSA. The need for energy efficient and sustainable buildings is crucial, and Superglass and URSA are a perfect answer for it.”
