Insulation industry news from Global Insulation

UK: Gloucester-based Advanced Insulation, which manufactures technical coatings and specialised passive fire protection and thermal insulation materials, has acquired Nottinghamshire-based Covertherm Limited, a manufacturer of insulation jackets. Covertherm's range of bespoke thermal insulation jacket and cover solutions will complement Advanced Insulation's range of flexible fire protection jackets.

"At a time when many manufacturers are looking abroad for low-cost production solutions, we're looking to reverse that trend. This acquisition will provide a UK manufacturing base for our ContraFlex range of passive fire insulation jackets, which will now be produced by Covertherm for the UK and export markets," said Advanced Insulation's managing director Andrew Bennion. "It is also an opportunity for Covertherm's own portfolio to be introduced to Advanced Insulation's other jacket manufacturing bases and we expect the company to grow significantly over the next 12 months."

The new UK manufacturing facility adds to already established production plants in the UAE, Kazakhstan and South Korea and will provide increased production capacity that will help to cope with the increasing demand for ContraFlex products.

UK: Advanced Insulation (AI) has acquired Manuplas, which specialises in the manufacture and supply of floatation and protection products for the global marine and offshore energy markets.

"The acquisition of Manuplas enhances AI's market diversification by providing further penetration into our existing offshore markets while simultaneously increasing our presence and breadth of product offerings in the marine sector," said AI's managing director Andrew Bennion. AI's turnover has increased from Euro3.68m in 2008 to Euro24.5m in 2013.

Manuplas has over 50 employees at its two manufacturing plants in Plymouth, Devon, the second of which was acquired in early 2013 to accommodate the increase in production of offshore products and to further improve general productivity. As a result of the acquisition, Manuplas has dissolved its commercial reseller and distribution agreements with Fendercare Marine.