Insulation industry news from Global Insulation

US: Distribution International Inc, a leading distributor and fabricator in the mechanical insulation market, has acquired Washington-based E.J. Bartells, a supplier of mechanical and industrial insulation, fabrication, refractory and heating, ventilation and air conditioning (HVAC) products throughout the Pacific Northwest and Western states.

"With the acquisition of E.J. Bartells, we have significantly expanded our North American, coast-to-coast footprint into Alaska, Colorado, Montana, North Dakota, Oregon, Utah and Washington with the addition of the premier insulation distributor in the Pacific Northwest," said Celeste Mastin, CEO of Distribution International.

"Providing the best solutions to our customers has always been the focus at E.J. Bartells. The additional products and resources that will be available to our customers through DI will allow us to be even more competitive in meeting our customers' needs," said Brian Farnsworth, President of E.J. Bartells.

Denmark: Rockwool has appointed Mirella Vitale as the new Senior Vice President of Marketing, Communications and Public Affairs. She currently holds the position of Vice President of Global Marketing and Market Intelligence at Vestas. Vitale will assume her new position by 1 March 2016.

UK/Germany: UK-based private equity firm Charterhouse Capital Partners LLP has agreed to divest Armacell International SA in a deal that values the German insulation materials firm at Euro960m, according to Reuters. Charterhouse, which paid Euro520m for Armacell in 2013, will sell it to private equity funds managed by US Blackstone Group LP. The transaction is scheduled to close in the first quarter of 2016. Armacell reported net sales of Euro452m in 2014.

Mongolia: Mongol Basalt LLC and Italy's Gamma Meccanica have signed a US$18m agreement to produce mineral wool insulation materials and purchase a production line.
The agreement was signed during the visit of Mongolian Minister of Industry Dondogdorj Erdenbat to Italy. Mongol Basalt has also entered loan negotiations with the Intesa Sanpaolo banking group to receive funds to buy equipment. The loan will be guaranteed by the Italian Export Credit Agency (SACE).

Brazil: Sulzer has received an order from Innova for the delivery of a foam production system with Sulzer's extruder-based melt impregnation technology. The 24,000t/yr plant in Triunfo, Brazil, will produce expanded polystyrene (EPS). Commercial production is planned to start in the middle of 2016.

Videolar-Innova is the first and only petrochemical company in Brazil to integrate the production units for ethylbenzene, toluene, styrene monomer and polystyrene into a single industrial plant. The newly-formed company is the biggest producer of styrene monomer and polystyrene in Brazil. With Sulzer's support, Videolar-Innova will enter the South American insulation market. The company will provide strategic downstream integration with unique production capabilities, in a region that still imports most of its EPS.