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European Commission clears acquisition of URSA by Xella

Written by Global Insulation staff
06 October 2017

Europe/Spain: The European Commission has approved, under the European Union (EU) merger regulation, the acquisition of Spanish insulation producer URSA by Germany’s Xella. The commission concluded that the acquisition would raise no competition concerns because of the limited overlaps between the activities of the companies. The deal was first announced in August 2017 and it is expected to be completed by the end of 2017.

Published in Global Insulation News
Tagged under
  • Europe
  • Spain
  • European Commission
  • Ursa
  • Xella International
  • competition
  • Legal
  • Acquisition
  • GGM37

Icynene to buy Lapolla Industries for US$160m

Written by Global Insulation staff
06 October 2017

US: Canada’s Icynene has offered to buy Houston-based Lapolla Industries for US$160m. Under the terms of the merger agreement Icynene will acquire all the outstanding shares of Lapolla. The acquisition is subject to customary closing conditions, including receipt of regulatory approvals. Both companies produce polyurethane spray foam (SPF) insulation products.

"Icynene is thrilled to partner with Doug Kramer, the President and chief executive officer (CEO) of Lapolla, and his team as Icynene and Lapolla combine businesses to create an innovative leader in high yield SPF manufacturing and distribution," said Mark Sarvary, CEO of Icynene.

Published in Global Insulation News
Tagged under
  • US
  • Icynene
  • Lapolla Industries
  • Canada
  • spray foam insulation
  • acqusition
  • GGM37

Rockwool buys land in Sweden for future expansion

Written by Global Insulation staff
05 October 2017

Sweden: Denmark’s Rockwool has purchased 180,000m2 of land in the eastern Swedish municipality of Eskilstuna. The acquisition is intended for future growth and to allow the mineral wool producer to meet any potential rise in demand for its products. At present the company supplies the Swedish market with products manufactured at plants in Denmark and Norway.

Published in Global Insulation News
Tagged under
  • Sweden
  • Rockwool
  • Upgrade
  • Acquisition
  • Mineral Wool

ICL preparing new flame retardant for polyurethane rigid foams

Written by Global Insulation staff
05 October 2017

US: Israel Chemicals Limited (ICL) is preparing a new flame retardant for use in rigid polyurethane foams. Executives at ICL made the announcement at the Polyurethanes Technical Conference in New Orleans, according to ICIS. VeriQuel R100 is a non-halogenated reactive flame retardant intended to replace tris (chloroisopropyl) phosphate (TCPP) in case of any changes to existing government regulations. The new product will be targeted at building and construction applications.

Published in Global Insulation News
Tagged under
  • US
  • ICL
  • Flame Retardant
  • Product
  • Polyurethane
  • GGM37

Aspen Aerogels wins initial determination in patent case

Written by Global Insulation staff
03 October 2017

US: Aspen Aerogels has won an initial determination US International Trade Commission (ITC) against Alison Hi-Tech and Nano Tech with regard to patents related to aerogel insulation. Administrative Law Judge McNamara found that Alison Hi-Tech and Nano Tech had infringed against three patents. McNamara also recommended a limited exclusion order as a remedy to prevent the importation of infringing aerogel products into the US. A final determination on the violation and remedy is expected from the full ITC commission by 29 January 2018.

Published in Global Insulation News
Tagged under
  • US
  • Aspen Aerogels
  • Legal
  • Aerogel
  • Alison HiTech
  • Nano Tech
  • GGM37
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