Etex completes the acquisition of insulation expert URSA

Etex, a global building material manufacturer and pioneer in lightweight construction, is consolidating the range of products and solutions offered to its clients by acquiring URSA, the European leader in the market of glass mineral wool and extruded polystyrene (XPS). By adding URSA to its portfolio, Etex is expanding its capacity to provide solutions and materials to build living spaces that are ever more safe, sustainable, smart and beautiful.

“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”, said Jochen Friedrichs, URSA CEO and the new Head of the Insulation Division of Etex.

“URSA is a well-known brand on the building materials market that brings added value to Etex’s portfolio, along with other brands such as Siniat, Promat and Equitone. This acquisition meets the increasingly complex requirements of the markets, including in the area of South East Europe, where fully integrated offers are required. In the next period, together with teammates from URSA, we will focus on identifying the best ways to meet these needs. Sustainability is the next major strategic priority for Etex, and we will focus our efforts to continue to provide sustainable and high-performance products to our customers”, said Andrei Popa, Commercial Director RO & SEE Etex Siniat Building Performance.

Insulation materials play a key role in achieving energy efficiency, a goal on the European continent where only 25 percent of buildings are energy efficient. With URSA, Etex adds the fifth technology to its portfolio and confirms the group’s ambition to become a global player in the lightweight and sustainable building materials market. The transaction was initiated at the beginning of the year and completed in early June.