Romania: Knauf Insulation has completed its acquisition of Gecsat. Business World Magazine News has reported that Gecsat operates a glass wool insulation plant in Tarnaveni, Mures County. In 2020, it recorded revenues of Euro6.6m. Knauf Insulation’s Romanian portfolio includes glass wool, basalt mineral wool and wood fibreboard operations.
Knauf Group management committee member and Insulation Europe, Middle East and Asia chief executive officer Dominique Bossan said "The acquisition of the Romanian plant will support Knauf Insulation's growth goals and provide additional capacity to meet the growing demand for our insulation solutions in the region.”
