Insulation industry news from Global Insulation

New Zealand: The Commerce Commission has allowed Kingspan to proceed with its acquisition of Conqueror. The commission said that the Ireland-based group will ‘not substantially lessen’ competition in New Zealand when it completes the acquisition. This is due to the market shares belonging to competitors Bondor and Metalcraft, of which the latter plans to open a new plant in Hamilton, Waikato in 2024.

New Zealand: Ireland-based Kingspan has applied for clearance to acquire polyisocyanurate (PIR) insulation producer Conqueror. Conqueror operates the Christchurch insulation plant in Canterbury. Kingspan already supplies PIR foam core material to the plant. After the planned acquisition, Conqueror will retain its wholesale insulation distribution business.