Kingspan, a manufacturer of sustainable products for the construction industry, has acquired the building insulation division of Pactiv in an $82m (€61.2m) deal. The County Cavan-headquartered company will fund the deal from its existing cash resources. Of the $82m sum, $72m will be paid in cash on completion, while the remaining $10m will be made up of working capital. Kingspan chief executive Gene Murtagh said: "This investment represents a new and exciting frontier for our insulation business in North America, giving us particular exposure to the residential sector. "It is a tremendous opportunity for Kingspan to build upon the growing success of our existing Insulated Panel business throughout the region, and at a time when North America's focus on energy efficiency and security is at an all-time high." Pactiv's building insulation division produces a range of products which it supplies throughout the US from its manufacturing base in Virgin
This blog aims to highlight the various different kinds of thermal pipe insulation, and highlight their particular strengths and weaknesses. Choosing the right product for your application helps to avoid wasting money, and understanding more about what you are doing helps you to avoid making mistakes.