Insulation industry news from Global Insulation

US: LafargeHolcim has signed an agreement to buy Firestone Building Products from Bridgestone Americas for US$3.4bn. The company said that the new subsidiary recorded estimated net sales of US$1.8bn and earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$270m. The group will finance the deal through cash and debt. It said that the acquisition is a milestone in its transformation to become the ‘global leader in innovative and sustainable building solutions.’

Chief Executive Officer Jan Jenisch said, “I am excited to be entering the highly attractive roofing business. With Firestone Building Products we are strengthening our biggest market, the US, while also building a global growth and innovation platform for the company. Today’s milestone is a strategic leap on our journey to become the global leader in innovative and sustainable building solutions to build a world that works for people and the planet. I have great respect for the high-calibre leadership and expertise of the Firestone Building Products’ team and look forward to welcoming them into the LafargeHolcim family.”

US: Switzerland-based LafargeHolcim has said that it is in talks with Bridgestone about its possible acquisition of the latter’s energy-saving roofing systems specialist subsidiary Firestone Building Products. Bloomberg News has reported that talks are in their advanced stages and may conclude before 9 January 2020.

France: LafargeHolcim subsidiary LafargeFrance has relaunched its Airium mineral foam, a concrete block additive, for a new application, namely roof insulation. The company says that Airium has a lifespan of 50 years and “retains heat in winter like most insulation, while also preserving buildings’ freshness in summer” thanks to its phase shift time of over nine hours.

Lafarge France developed the new application in partnership with coatings producer PRB. It said, “We select premium applicators (blowers) from suppliers from LafargeHolcim’s screeds and PRB coatings network. The PRB and Airium partnership thus takes on its full meaning and ensures quality service to new users.”

France: Lafarge France and Euromac 2 have signed a national partnership contract to bring to market insulating concrete form products. The deal will see Euromac 2 use Agilia concrete from Lafarge to fill its expanded polystyrene blocks. The two companies will then approve a network of companies to bring the product to the market.

France: Cement sector multinational LafargeHolcim has launched Airium, a mineral insulation foam. The product was developed at the group’s research and development centre near Lyon. Airium will target thermal insulation markets in Austria, France and Morocco. Later it will focus on North America and other European and North African countries.

Airium is being launched for the filling of concrete blocks in France and Austria and for roof terraces in Morocco. LafargeHolcim say that the insulation of concrete blocks with Airium makes it possible to build and insulate at the same time, saving construction time and space.

“With the launch of Airium, LafargeHolcim demonstrates once again its ability to rethink construction practices in order to continue delivering innovation,” said Gérard Kuperfarb, Group Head of Growth & Innovation at LafargeHolcim. The development of Airium is in line with the commitments of LafargeHolcim’s 2030 Plan to generate one third of its revenue from a portfolio of products and services with enhanced sustainability performance.