Saint-Gobain strengthens its presence in Insulation in the UK by acquiring Celotex

Saint-Gobain has signed an agreement to acquire Celotex Group Limited, one of the leading British producers of high performance insulating foam.

For more than 30 years, Celotex has offered solutions dedicated to the improvement of energy efficiency in buildings.

Celotex achieved a turnover of £69.7M (€86.7M) during the last fiscal year (to August 2011). Celotex has 170 employees and 2 production lines based in Hadleigh near Ipswich, UK, and has recently extended capacity with a new £3M (€3.7M).Distribution and Innovation Centre in order to support its growth on the construction markets.

Already present in the UK and Ireland on the insulation market with its Isover brand, Saint-Gobain enhances, with this acquisition, its insulation offer for new segments such as flat roofs and floors. It also strengthens its positions in the insulation for the new construction and renovation markets.

Celotex is continuing to operate under its brand name and with its existing management team. It will complement the Construction Products Sector interior solutions.

Completion of the acquisition is subject to approval of the Office of Fair Trading (OFT).

600450 Saint-Gobain strengthens its presence in Insulation in the UK by acquiring Celotex glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment