Romania: Belgium-based Knauf Insulation has agreed to acquire the Târnăveni glass wool plant from Gecsat for an undisclosed sum.
Dominique Bossan, the group chief executive officer of Knauf Insulation, said “The Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet increasing demand for our solutions across the Eastern European and Commonwealth of Independent States (CIS) regions.” He added that the company plans to upgrade the plant after the acquisition has been completed.
