Xtratherm has agreed in principle to purchase Ballytherm’s operations in Ireland and the UK, which will bring additional manufacturing capacity and the newest PIR manufacturing facility in the country.
The acquisition will complement and enhance Xtratherm’s offering and will create the most innovative and comprehensive insulation offering in the UK and Ireland and help contribute to a more sustainable business model.
This expansion also greatly enhances Unilin Insulation’s operations in the UK and Ireland while Ballytherm, which currently manufactures PIR insulation products in Ballyconnell, Ireland, now plans to do so soon at its new state of the art manufacturing facility in Ross-on-Wye, UK.
In commenting on the acquisition, Barry Rafferty, managing director of Xtratherm stated: “Xtratherm has experienced steady growth since 2015 when it became part of the Unilin Group. The acquisition of Ballytherm, along with additional investment in new technologies, will allow Xtratherm to deliver on operational excellence, new product innovations and improved service that will contribute towards a stronger and more sustainable future for our employees, customers and the construction sector in the UK & Ireland.”
The deal will be notified to the Competition and Consumer Protection Commission in Ireland, and so is subject to its approval. The Parties anticipate that the deal will be closed towards the end of 2021.
