Kingspan Group plc (Kingspan), a specialist in superior insulation and progressive constructing options, has accomplished the acquisition of Troldtekt A/S, a producer of sustainably produced wood-based acoustic boards.
With a state-of-the-art, virtually zero carbon manufacturing manufacturing facility in Troldhede, Denmark, Troldtekt manufactures acoustic boards from Danish-grown Norwegian spruce and portland cement extracted from Danish mineral assets.
The acquisition represents Kingspan’s entry into pure supplies. Importantly, it offers the Group a expertise platform for creating pure options for different purposes, together with insulation.
Kingspan’s bold sustainability targets embrace decreasing emissions inside its operations and provide chain in addition to contributing to the decarbonisation of the constructed surroundings, which is answerable for 39 % of worldwide carbon emissions.
Troldtekt’s merchandise convey acoustic consolation and a wholesome indoor local weather to buildings in a number of sectors, from agriculture to Michelin-starred eating places. Acoustic boards are appropriate for any area the place good acoustic efficiency or noise safety is required, together with places of work, assembly rooms, public buildings, and even properties.
Acoustic boards are a high-value and fast-growing sector. The market is forecast to be value €1.1bn (£911m) by 2025. Troldtekt has gained a big market share in Denmark and is establishing itself in Germany and Sweden. The corporate has been rising at greater than 15% each year in recent times.
Sustainability is on the coronary heart of Troldtekt’s technique. The corporate’s enterprise mannequin is predicated on the internationally recognised Cradle to Cradle idea. Troldtekt boards can safely be returned to the organic cycle as a soil conditioner.
“I’m delighted to welcome Troldtekt to the Kingspan household,” mentioned Alan Lawlor, Managing Director Kingspan Insulation. “Now we have the capability to assist them increase past their core markets, while bringing acoustic and ornamental boards and pure insulation supplies into our portfolio.
“Troldtekt has been in a position to constantly innovate and it units the bar impressively excessive within the discipline of the round financial system. We are going to make investments considerably within the firm’s manufacturing amenities to set them up for geographic development.”
Peer Leth, Managing Director Troldtekt, mentioned; “Becoming a member of Kingspan will give Troldtekt a world platform and the chance to profit from Kingspan’s main capabilities in innovation, materials science and digitalisation.”
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