Insulation industry news from Global Insulation

US: Sika has completed the acquisition of Rmax Operating, a US-based producer of polyiso insulation products, on 31 January 2017. The deal was originally announced in mid-December 2016. Sika has said that the purchase is intended to bolster its presence in North America, particularly in roofing, sealants and waterproofing markets.

US: Sika has agreed to acquire Rmax Operating, a US-based producer of polyiso insulation products for complete building envelope solutions, including roofing and wall systems. The purchase is anticipated to drive Sika’s growth in the North American market via synergies between the companies. Rmax generated sales in excess of US$75m in 2016. The transaction is subject to clearance by anti-trust authorities.

“The acquisition of Rmax fits perfectly with Sika’s growth strategy in North America, further strengthening our already fast-growing building systems in roofing, sealants and waterproofing. Rmax brings us a proven industry leader, with strong innovations for building envelope applications, along with manufacturing expertise for wall and roofing insulation. We proudly welcome the Rmax employees to the Sika team and are excited about growing our business together,” said Christoph Ganz, Regional Manager North America for Sika.

Rmax Operating produces insulation products and accessories at three production sites in Dallas in Texas, Greer in South Carolina and Fernley in Nevada. Currently Sika USA purchases insulation products from third party suppliers to include in its solutions for roofing and building envelopes. With this acquisition it will now be possible to benefit from in-house production.