Insulation industry news from Global Insulation

US: Saint-Gobain has acquired the business assets of speciality insulation products company International Cellulose Corporation (ICC). Saint-Gobain said that the acquisition strengthens its leadership in light and sustainable construction. ICC will become part of Saint-Gobain subsidiary CertainTeed's Commercial Building and Infrastructure business. ICC employs 50 people at its plant in Houston, Texas.

Saint-Gobain North America and CertainTeed president and CEO Mark Rayfield said “With plant fibre-based spray insulation products that allow commercial spaces to be more energy efficient, safe and comfortable, ICC is a perfect fit for Saint-Gobain North America. I look forward to welcoming the ICC team to the Saint-Gobain family and working together to meet our sustainability goals and our purpose: Making the World a Better Home.”

US: Owens Corning has agreed to acquire all outstanding shares of door systems producer Masonite International Corporation for US$3.9bn. This acquisition marks a diversification into the residential building sector for Owens Corning, providing it with a new growth platform on which to leverage its capabilities.

Owens Corning chair and CEO Brian Chambers said "We are excited by this opportunity to add a scalable new growth platform for our company. Masonite is a market leader that complements our existing residential interior and exterior product offering and has consistently demonstrated top-line growth and margin expansion. The combination of our commercial, operational and innovation capabilities allows us to accelerate our long-term enterprise growth strategy with a clear line of sight to meaningful synergies and increased cash flow generation. We look forward to welcoming the talented Masonite team to Owens Corning and working with them to deliver enhanced value to customers and shareholders.”