Insulation industry news from Global Insulation

France: Saint-Gobain’s sales grew by 24.6% year-on-year to Euro22.1bn in the first half of 2021 from Euro17.8m in the same period in 2020. Earnings before interest, taxation, depreciation and amortisation (EBITDA) nearly doubled to Euro3.25bn from Euro1.64bn. Both sales and earnings were also higher than the comparable period in 2019.

“These first-half 2021 record results surpass even our second-half 2020 performance. This success reflects the profound positive changes in our organisation from Transform & Grow,” said Benoit Bazin, chief executive officer of Saint-Gobain. “It also reflects structural changes in our markets, which should show an acceleration in growth over the coming years.”

The group added that it had integrated its Strikolith subsidiary into the main business. It acquired the Netherlands-based exterior insulation systems producer in late 2020.

Netherlands: France-based Saint-Gobain has announced its acquisition of internal finishing and exterior insulation systems specialist Strikolith for an undisclosed price. Strikolith employs 50 people at its Raamsdonksveer, North Brabant plant and generated sales of Euro19.5m in 2019.

Saint-Gobain said, “The complementarity of Strikolith with Saint-Gobain's existing businesses enhances the group's solution offering and in particular allows it to strengthen its offering in External Thermal Insulation Composite Systems (ETICS) and in construction chemicals in the Netherlands, reinforcing Saint-Gobain's leading position in energy-efficient renovation in Europe.”