The company has acquired the CALOSTAT® brand of high-performance insulation boards from the German speciality chemicals business Evonik.
CALOSTAT® insulation boards are slim, highly thermally efficient and A-Class rated. As the global leader in advanced insulation and energy-efficient building solutions, the acquisition of CALOSTAT® complements Kingspan's portfolio and enhances the Group's ability to offer the right type of insulation for every application.
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CALOSTAT® is Cradle to Cradle certified Gold and has superior performance over time, with its unique moisture management technology. The product's outstanding values make it the material of choice for high-performance insulation in challenging situations.
The acquisition comprises the CALOSTAT® brand, technical and commercial knowledge and production facilities.
Alan Lawlor, Divisional Managing Director for Kingspan Insulation, said: "In developing CALOSTAT®, Evonik has created a unique insulating material that meets the demands of the present and of the future."
Production will be transferred from Germany to Kingspan Insulation's facilities in Pembridge, UK. The intention is to invest in significantly increased capacity to serve markets across Europe. Evonik will continue to supply raw materials for CALOSTAT® production.
