Etex completes the acquisition of insulation expert URSA
Etex has secured a fifth technology in its business growth strategy with the addition of URSA’s insulation expertise to Etex’s portfolio of technologies.
URSA is a European leader in glass mineral wool and extruded polystyrene (XPS), present in more than 20 countries based on a network of 13 production operations.
Jochen Friedrichs, CEO of URSA and new Head of Insulation Division at Etex: “The URSA brand offers an extensive range of insulation applications for building envelopes as well as internal partitions and ceilings. URSA shares many of Etex’s values, including sustainability, business model efficiency and a strong and committed management and teams. The products and solutions of both Etex and URSA aim to tackle some of the megatrends impacting our world, in particular climate warming and resource scarcity.”
Etex, a global industrial company with a 115-year history, has been clear on its ambition of becoming a global player in lightweight and more sustainable building solutions.
With the URSA acquisition, insulation is now firmly positioned as the fifth technology in its strategic framework, enabling Etex to inspire people around the world to build living spaces that are ever more safe, sustainable, smart and beautiful.
Bernard Delvaux, CEO of Etex: “URSA comes with a strong brand, representing proximity and sustainability, and this will not change. URSA will form a new division in the Etex structure dedicated to insulation and leaders of the operating units will remain in place."
Image: URSA PUREONE, a soft, natural and high-performing glass mineral wool, joins the product portfolio of Etex Group.