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News Soprema to buy Saint-Gobain’s majority stake in Celotex

Soprema to buy Saint-Gobain’s majority stake in Celotex

Written by Global Insulation staff
11 December 2023
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UK: France-based waterproofing and insulation group Soprema has agreed to acquire a 75% stake in Celotex. Dow Jones Institutional News has reported that Celotex is presently a subsidiary of Soprema’s fellow France-based conglomerate Saint-Gobain. After completion of the deal in early 2024, Saint-Gobain says that it will retain a 25% stake in Celotex.

Celotex controls the Ipswich polyisocyanurate (PIR) insulation plant in Suffolk.

Last modified on 12 December 2023
Published in Global Insulation News
Tagged under
  • UK
  • SaintGobain
  • Celotex
  • polyisocyanurate
  • Acquisition
  • stake
  • PIR
  • GGM57

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