Insulation industry news from Global Insulation
UK: SIG and Kingspan have agreed to terminate the sale of SIG subsidiary Building Solutions (National) to Kingspan for Euro42.1m. The Competition and Markets Authority (CMA) had referred the deal for a Phase 2 Investigation on 21 April 2020. SIG said that it anticipated the investigation to conclude in October 2020. The deal will expire on 7 July 2020. Due to ‘prevailing market conditions,’ the parties terminated the agreement.
SIG said, “It has not been possible for the company and Kingspan to agree commercial terms for the extension of the agreement.”
Knauf Insulation North America announces customer building modelling partnership with BIMsmith 27 May 2020
US: Knauf Insulation North America has partnered with BIMsmith to provide 3D models of its leading insulation products for building product research and selection by architects. The models contain ‘key properties and data’ and integrate with Autodesk Revit building modelling software.
Knauf Insulation North America marketing vice president Linda McGovern said, “BIM is at the forefront of intelligent, sustainable building design. Our investment in BIM paves the way for Knauf to further our impact on the sustainable, energy-efficient construction of the future.”