The global insulation market was valued at approximately $40 billion in 2014 and is forecast to reach approximately $65 billion by 2020, growing at a compound annual growth rate (CAGR) of around 8 percent from 2015 to 2020, according to a report published by Zion Research.
Distribution International Inc. (DI), a leading distributor and fabricator in the mechanical insulation market, announced it has acquired Selle Supply Co. and sister company PBI Supply Inc., full-line distributors of insulation products and related construction materials, specializing in the lamination of fiberglass insulation for metal buildings.
Johns Manville (JM), a Berkshire Hathaway company, announced it has been named Supplier of the Year for 2015 by Insulate America Inc., an insulation contractor association. JM is the first company to receive this honor three years in a row, having previously accepted the award in 2013 and 2014.
CertainTeed has introduced its newly enhanced Sustainable Insulation™ SoftTouch™ Duct Wrap, which the company said offers HVAC contractors improved cutting and handling to ease installation, while maintaining fiberglass product performance.
Installed Building Products Inc., a leading installer of insulation and complementary building products, has announced the acquisition of C.Q. Insulation Inc., based in Tampa, Florida.
Owens Corning Insulating Systems has introduced its new ProPINK® High Performance Conditioned Attic System. This system, currently approved for use in climate zones 2B and 3B, has been designed specifically for unvented attics where the HVAC air handling unit is placed in the attic space.
Distribution International Inc. (DI) announced it has completed the acquisition of certain assets of the State/Allstate Companies. Headquartered in Perth Amboy, New Jersey, with additional locations in New York and Pennsylvania, the State/Allstate Companies are stocking distributors of mechanical insulation and HVAC products.
Pacor Inc., a fabricator of thermal and acoustical insulation products for industries including HVAC, appliances, and more, has launched a new website. The site provides an enhanced online store along with comprehensive information on its products, services, capabilities, and the industries that utilize its insulation.
Knauf Insulation and Guardian Industries announced 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.
Johns Manville (JM), a Berkshire Hathaway company, announced it has purchased Industrial Insulation Group LLC (IIG), a manufacturer of insulation for industrial, commercial, and fireproofing applications.