Ravatherm UK, part of Ravago Group, has announced the acquisition of the UK Polyfoam XPS business of Knauf Insulation.
Taking over the extruded polystyrene manufacturing plant in Hartlepool, Teesside, Ravatherm UK will continue to sell its products under the Polyfoam XPS brand.
The transition, which completed on January 1, 2017, is a result of Ravago Group further strengthening its XPS manufacturing activities across Europe. The UK acquisition took place simultaneously with the French Polyfoam XPS business of Knauf Insulation.
Stuart Bell heads up the company with the existing Polyfoam team, which includes national sales manager Ian Exall, plant manager David Noble, finance manager Gemma Hurst and marketing manager Karen Everitt. All employees have remained following the acquisition at the Hunter House Industrial Estate facility.
Ravatherm UK, which sits within the Ravago Building & Construction Solutions (RBCS) division, is one of the historic cornerstones of the Ravago Group and has grown from a local Belgian activity in the sixties to a pan-European division dedicated to developing and distributing specialised building and construction solutions across European, Turkish and CIS markets.
Jones Day acted as Antitrust counsel to Ravago in the acquisition with a team led by Philipp Werner.
Involved fees earner: Philipp Werner – Jones Day;
Law Firms: Jones Day;
Clients: Ravago Distribution SA;