Calling it a landmark occasion, Shelbyville, Indiana-based Knauf Insulation completed its acquisition of Guardian Insulation.
The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products. Guardian Fiberglass will be integrated into Knauf Insulation and Guardian Laminated Building Products has become Silvercote, LLC.
The deal puts more than double the production capacity of glass mineral wool at Knauf’s disposal.
Terms of the deal were not released.
“This is a landmark day for Knauf Insulation,” said Mark Andrews, CEO of Knauf Insulation in North America. “This acquisition is an important step in our mission to become the global leader in energy efficient systems for buildings.”
He added that Knauf Insulation plans to bring its technology to the existing Guardian Insulation facilities in a transformation that will begin this year.