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12.07.2022Knauf Insulation announces plant acquisition in Romania to meet increasing regional demand
Knauf Insulation has signed a contract to acquire a Glass Mineral Wool plant in Central Romania.
The acquisition of the plant will bring Knauf Insulation’s solutions closer to customers in the rapidly growing markets of Romania, Eastern Europe and CIS.
Dominique Bossan, CEO of Knauf Insulation Europe/Middle East/Asia, and Member of the Knauf Group Management Committee, stated: “The Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet increasing demand for our solutions across the Eastern European and CIS regions.
“Knauf Insulation plans to invest in cutting-edge technologies and upgrade the Romanian plant, bringing the manufacturing processes to our high-quality standards. This will ensure the best possible solutions for our customers; this will also guarantee safe working conditions for our employees and highest environmental standards, in line with our commitment For A Better World.”
Adrian Garofeanu, General Manager of Knauf Insulation Romania and Bulgaria, said: “As a family-owned business with Menschlichkeit (Humanity) as one of our core values, it is very important to us that we are a good employer and a good neighbour in all the communities where we operate. At every stage of the acquisition process, and at every step of the factory upgrade, Knauf Insulation will be working closely with the teams at the plant, the local community and the authorities.”
After closing of the transaction, the plant, based in Târnăveni, Mureș County, will be upgraded to Knauf Insulation’s manufacturing standards. Knauf Insulation produces innovative Glass Mineral Wool with ECOSE Technology® and composed of up to 80% recycled glass.
About Knauf Insulation
Knauf Insulation products save energy, cut emissions and make sure buildings are good for the environment and keep people healthy, safe and well.
With over 40 years of experience in the insulation industry, we now employ more than 5,500 people across more than 40 countries with 27 manufacturing sites in 15 countries.
Knauf Insulation is part of the Knauf Group, which employs more than 35,000 people worldwide, operating more than 250 factories, generating sales in excess of 10 billion Euros. The Knauf Group was founded in 1932 and is a family-owned company driven by the values of Partnership, Commitment, Entrepreneurship and Menschlichkeit (Humanity).
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