Insulation industry news from Global Insulation

Norway: Saint-Gobain has completed its acquisition of insulation producer Glava following the approval of the local competition authority. The deal was first announced in June 2017. The two companies have a long history together through a licence agreement for Isover. Prior to the acquisition, Saint-Gobain owned 17% of Glava’s shares and it was represented on the board of directors.

In conjunction with the purchase Jon Karlsen, the managing director of Glava, has also been appointed as the managing director of Saint-Gobain Byggevarer, a company consisting of the brands Weber and Gyproc.

Norway: Saint-Gobain has entered into talks with the owners and shareholders of Glava to buy their shares, with the support of the company’s management. Prior to this negotiation, Saint-Gobain already owned 17% of the capital of Glava, which has manufactured products under an Isover license since 1960. The acquisition will be subject to the scrutiny of the relevant competition bodies.

Insulation producer Glava operates two mineral wool plants at Askim near Oslo, and at Stjørdal near Trondheim. It also has workshops producing expanded polystyrene and ceilings. Glava supplies a comprehensive range of insulating products and accessories to its customers. The company reported sales of over Euro140m in 2016.