Kingspan Insulation announces the acquisition of New Zealand’s Thermakraft Ltd, positioning itself to provide a broader range of solutions to its customers both in Australia and New Zealand.
Kingspan is a global manufacturer of insulation and building envelope solutions, active across 70 countries and 170 manufacturing sites including Australia and New Zealand.
In 2017, Kingspan Insulation commissioned a $40 million modern manufacturing facility in Melbourne with the aim of supplying growing demand for rigid foam insulation in Australia, New Zealand and South East Asia.
The acquisition of Thermakraft Limited is further evidence of the positive outlook Kingspan has for the region and its growing demand for buildings.
"We are delighted to welcome Thermakraft into the Kingspan family. It is a terrific business, providing building membranes, roofing underlay, flashing tapes and roof safety mesh. In recent years, they have made significant in-roads into the Australian market with the acquisition of Australian Mesh (Ausmesh) as a strategic entry point for their range of building membranes and underlays and we hope to further enhance that momentum", Scott Gibson, Managing Director, Kingspan Insulation APAC.
