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News Etex to acquire URSA from Xella Group

Etex to acquire URSA from Xella Group

Written by Global Insulation staff
12 January 2022
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Spain: Etex has signed a deal with Germany-based Xella Group for the acquisition of its subsidiary URSA. The Belgium-based group says that the move confirms its portfolio shift towards lightweight construction materials. URSA produces its expanded polystyrene (EPS), extruded polystyrene (XPS) and glass and mineral wool insulation across a total of 13 sites and has operations in 20 European countries.

Chief executive officer Bernard Delvaux said “The acquisition of URSA confirms the portfolio shift initiated a few years ago by Etex to become a global leader in lightweight and modular construction. This acquisition is a strategic fit for Etex combining a new growth platform with a strong focus on sustainability. I have been truly impressed by both the quality of the management at URSA and its sound business model. I look forward to welcoming our new teammates to Etex and embarking on a prosperous future together.”

Last modified on 09 February 2022
Published in Global Insulation News
Tagged under
  • Spain
  • Etex
  • Acquisition
  • URSA Insulation
  • Ursa
  • Xella International
  • Germany
  • Belgium
  • EPS
  • XPS
  • Mineral Wool
  • GGM47

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