Insulation industry news from Global Insulation

Brazil: According to See News, co-founder and commercial director Rafael Safra said that Brazilian sound insulation and rubber flooring manufacturer Aubicon Industria e Comercio Ltda is exploring options to sell a stake of its company to an external investor.

Safra said that the sale would enable the company to boost research and development spending and grow its customer base in South America. He added that Aubicon had commenced exports to other countries in the region in 2015.

Aubicon would prefer a foreign strategic investor, but would also consider a deal for a minority stake with a private equity group or a green investment fund, according to Safra. Teaming up with a green fund is a logical step for the company because most of its products are made with recycled tyre rubber as the raw material. In the case of financial investors, Aubicon would not be interested unless the potential buyer agreed to participate actively in the company's growth strategy development.