Knauf Insulation to Acquire Guardian Insulation

News posted on 30.05.2014 on Company News

FOR IMMEDIATE RELEASE

 

Knauf Insulation to Acquire Guardian Insulation

 

Shelbyville, IN and Auburn Hills, MI. (May 30, 2014) – Knauf Insulation and Guardian Industries Corp. are pleased to announce that a definitive acquisition agreement has been signed for Knauf Insulation to acquire Guardian Insulation.  The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products. 

 

Mark Andrews, CEO of Knauf Insulation in North America said of the agreement: “We are already one of the fastest-growing insulation companies globally, and this deal will firmly establish our leadership position in what is the largest insulation market in the world. It is an important step in our mission to become the global leader in energy efficient systems for buildings.”

 

“We are delighted to acquire such a high quality business that fits perfectly with our growth strategy and we look forward to welcoming the Guardian Insulation team into the Knauf Insulation family,” said Andrews. “This is also great news for customers of both Guardian and Knauf Insulation due to the highly complementary nature of these businesses. The combined entity will have a dramatically expanded manufacturing footprint to help provide high levels of service. Customers for both companies will also benefit from Knauf Insulation’s industry-leading technology as we further invest in these plants.”  

 

Steve Ziessler, President and CEO of Guardian Building Products, said this is exciting news for Guardian Insulation and its employees, who have made significant contributions to Guardian Industries over the years.   “We are confident our employees, customers and suppliers can look forward to an excellent future with Knauf Insulation. Guardian and Knauf share a culture of responsibility, accountability, safety, entrepreneurship, strong leadership, innovation and value creation,” said Ziessler. “We want our customers and employees to know that we anticipate a smooth transition.”

Closing of the transaction is subject to certain regulatory approvals and customary closing conditions.   


 

About Knauf Insulation

Knauf Insulation is a leading global manufacturer of thermal and acoustical glass mineral wool insulation for residential, commercial, industrial, OEM and metal building applications. It’s Knauf Insulation’s number one priority to provide products and services that conserve energy and preserve natural resources for a sustainable future. The company’s insulation products have an inherent impact on energy consumption; once in use, they save hundreds of times more energy than is required to make them. Knauf Insulation has a range of products that have met the stringent chemical emissions standards to achieve the GREENGUARD Gold Certification and is verified to be formaldehyde-free.

 

About Guardian Insulation

Guardian Fiberglass Inc. and Guardian Laminated Building Products Inc. (Guardian Insulation) are subsidiaries of Guardian Building Products, Inc., a wholly owned subsidiary of Guardian Industries Corp.

 

Guardian Industries Corp. is a diversified global manufacturing company headquartered in Auburn Hills, Michigan, with leading positions in float glass, fabricated glass products, fiberglass insulation and other building materials for commercial, residential and automotive applications. Its automotive trim group, SRG Global Inc., is one of the world’s largest suppliers of advanced, high value coatings on plastics. Through its Science & Technology Center, Guardian is at the forefront of innovation including development of high performance glass coatings and other advanced products. Guardian, its subsidiaries and affiliates employ 18,000 people and operate facilities throughout North America, Europe, South America, Asia, Africa and the Middle East.

 

For more information about Knauf Insulation sales and products, visit www.knaufinsulation.us, write to Knauf Insulation, One Knauf Drive, Shelbyville, IN 46176 or call 800-825-4434, ext. 8212.

 

Media Contacts:

 

Joey Viselli

Knauf Insulation

joey.viselli@knaufinsulation.com

317-421-5750

 

Amy Hennes

Guardian Industries Corp.

ahennes@guardian.com

248-340-2109