Insulation industry news from Global Insulation

US: Owens Cornings has completed its purchase of Pittsburgh Corning for around US$560m. Originally the insulation producer expected the transaction and its regulatory approval to be completed in the third quarter of 2017. Pittsburgh Corning produces cellular glass insulation products, including Foamglas, and it has operations in the US, Belgium, the Czech Republic, and China.

US: Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation systems for commercial and industrial markets, for around US$560m in cash, on a cash free and debt free basis. The transaction, which is subject to regulatory approvals, is anticipated to close in the third quarter of 2017.

“The acquisition of Pittsburgh Corning will further expand Owens Corning’s commercial and industrial product offering and grow our presence in Europe and Asia,” said Julian Francis, president of Owens Corning’s Insulation Business. “The addition of Pittsburgh Corning will build on our core glass technologies and accelerates our progress in making Owens Corning the leading provider of insulation solutions with fiberglass, foam, mineral fibre, and cellular glass.”

Pittsburgh Corning produces cellular glass insulation products for commercial and residential buildings and energy and industrial applications. Its productions include Foamglas. The company also produces a range of complementary accessory products including sealants, adhesives, and jacketing. Pittsburgh Corning employs over 1100 people in 17 countries. It operates facilities in the US, Belgium, Czech Republic and China. It reported sales of over US$240m in 2016.

Belgium: Knauf Insulation’s chief executive officer (CEO) Jean-Claude Carlin says he is committed to increasing production investment in Europe and North America. The group’s Visé plant in Belgium plans to restart its second line by the end of 2017 as well as adding new capacity to meet increasing demand for blowing wool. An upgrade to a line at St Egidien in Germany is underway following mineral wool production line upgrades at Nova Bana in Slovakia and Skofja Loka in Slovenia in 2014 and 2015 respectively. Another as yet unannounced European production line upgrade is planned for 2018. The group is also restarting the second line at its Inwood plant in West Virginia to support growing residential demand in the North East of the US.

“The first few months of the year proved to be highly promising for the industry and in good times it is vital that we focus on doing an even better job of providing the best possible service and quality for our customers. That is why we are planning on maximising our global footprint through investing in improvements and increasing our production capacity across the globe,” said Carlin. He has conducted a fact-finding mission visiting plants and customers since he took up the post in February 2017.

US: Johns Manville has won Insulate America’s supplier of the year award. The insulation producer has won the award four times in five years since 2013. Insulate America is a cooperative group of locally owned, independent insulation contractors. It is the largest independent insulation contracting organisation in the US with 200 locations in 46 states. Representatives from each of the locations vote on the award.

US: Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation systems for commercial and industrial markets. Upon closing, the company will pay approximately US$560m in cash, on a cash free and debt free basis. The transaction, which is subject to regulatory approvals, is anticipated to close in the third quarter of 2017.

“The acquisition of Pittsburgh Corning will further expand Owens Corning’s commercial and industrial product offering and grow our presence in Europe and Asia,” said Julian Francis, president of Owens Corning’s Insulation Business. He added that the purchase will build Owen Corning’s core glass technologies.

Pittsburgh Corning employs over 1100 people in 17 countries. It operates facilities in the US, Belgium, Czechia and China. It produces Foamglas cellular glass, an insulation used for low-temperature industrial applications and in commercial buildings. The company also offers a line of accessory products. Pittsburgh Corning reported sales of over US$240m in 2016.

US: TopBuild will pay Owens Corning US$30m to settle a contract dispute from mid-2016. Owens Corning has also agreed to dismiss a lawsuit it filed in May 2016 against the insulation distributor and installer. Additional details of the settlement agreement remain confidential. Following the agreement both companies plan to resume a ‘productive and normalised’ commercial relationship whereby Owens Corning will sell residential insulation to TopBuild and its subsidiaries, including TruTeam.

US: Lapolla Industries has launched a new version of its Foam-Lok 500 spray polyurethane foam insulation product. The updated version has passed the AC 377 End Use Configuration Criteria and the producer says it meets the building code requirements for use with no additional ignition barrier required. The open cell insulation is being marketed for use in sealing the building envelope in both residential and commercial applications.

US: Johns Manville (JM) has appointed Marcia Howes as its Vice President of Global Supply Chain. She will be responsible for leading JM’s global supply chain organisation and for developing and implementing the company’s supply chain strategy.

Howes previously worked for BJC HealthCare in St Louis in a similar role. He brings over 20 years of supply chain experience. Before that she worked at Ecolab where she was vice president of global supply chain and head of global planning for both the medical device health care division and the water process systems businesses. Howes has also held a number of senior level positions in supply chain operations with Amgen, Honeywell and Rhodia (now Solvay).

Howes holds master’s degree in business administration from the University of Maryland, and both a Bachelor of Science degree in chemical engineering and a master’s degree in public health from Johns Hopkins University. She is a Six Sigma and Lean Manufacturing practitioner and an APICS Certified Supply Chain Professional member.

UK: Texas’ Huntsman Corporation has completed its acquisition of IFS Chemicals, a manufacturer of methylene diphenyl diisocyanate (MDI) based systems. The purchase price has not been disclosed.

“With its highly experienced team and loyal customer base, IFS provides us with excellent access to the UK’s growing downstream MDI systems market. It will serve as a strategic platform to expand our business and consolidate our position as a market leader. The acquisition represents the latest step in our plan to strengthen our differentiated downstream capabilities and we now have more than 25 facilities worldwide, reflecting our confidence in the long-term growth prospects for MDI-based urethanes, ” said Tony Hankins, president of Huntsman’s Polyurethanes division.

US: Huttig Building Products has announced a national distribution agreement with Knauf Insulation. The building materials distributor will carry a variety of Knauf Insulation products. The deal is the latest in a series of moves by Huttig to secure more brands and to broaden its range.