The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products.
Tony Robson, CEO of Knauf Insulation said of the agreement: “Today’s news is a clear sign of the confidence we have in North America and the country’s economic recovery. We are delighted to acquire such a high quality business that fits perfectly with our growth strategy and that will firmly establish our leadership position in one of the largest insulation markets in the world. It is an important step in our mission to become the world leader in energy efficient systems for buildings”.
“We look forward to welcoming the Guardian Insulation team into the Knauf Insulation family,” said Robson.
Closing of the transaction is subject to certain regulatory approvals and customary closing conditions.
About Knauf Insulation
With 30 years of experience in the insulation industry, Knauf Insulation is one of the leading and fastest growing manufacturers of insulation materials. Building on over 30 years of expertise in energy efficiency, the company is focused on providing a comprehensive range of solutions for residential and nonresidential buildings and industrial customers. The company currently has over 5,000 employees in more than 35 countries and more than 30 manufacturing sites.
Knauf Insulation is part of the Knauf Group, a family-owned multi-national manufacturer of building materials and construction systems.
About Guardian Insulation
Guardian Fiberglass Inc. and Guardian Laminated Building Products Inc. (Guardian Insulation) are subsidiaries of Guardian Building Products, Inc., a wholly owned subsidiary of Guardian Industries Corp.
Guardian Industries Corp. is a diversified global manufacturing company headquartered in Auburn Hills, Michigan US, with leading positions in float glass, fabricated glass products, fiberglass insulation and other building materials for commercial, residential and automotive applications. Its automotive trim group, SRG Global Inc., is one of the world’s largest suppliers of advanced, high value coatings on plastics. Through its Science & Technology Center, Guardian is at the forefront of innovation including development of high performance glass coatings and other advanced products. Guardian, its subsidiaries and affiliates employ 18,000 people and operate facilities throughout North America, Europe, South America, Asia, Africa and the Middle East.