Shelbyville, Indiana-based Knauf Insulation signed a deal to acquire Guardian Insulation.
The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products.
Knauf Insulation in North America CEO Mark Andrews said the acquisition is a step toward becoming the global leader in energy-efficient systems for buildings. “We are already one of the fastest-growing insulation companies globally, and this deal will firmly establish our leadership position in what is the largest insulation market in the world,” he said.
Andrews added: “The combined entity will have a dramatically expanded manufacturing footprint to help provide high levels of service. Customers for both companies will also benefit from Knauf Insulation’s industry-leading technology as we further invest in these plants.”