Johns Manville acquires insulation group
Johns Manville, a manufacturer of building products, has announced the purchase of Industrial Insulation Group (IIG), a manufacturer of insulation for industrial, commercial and fireproofing applications.
IIG was formed in 2002 as a joint venture between Johns Manville and The Calsilite Group. Johns Manville previously owned a minority interest in IIG, but will now operate it as a standalone company wholly owned by Johns Manville. IIG’s product line complements Johns Manville’s portfolio of insulation products.
IIG offers a unique “good, better, best” portfolio of high-temperature insulation, ranging from mineral wool to perlite to calcium silicate.
“Expanding JM’s interest in IIG is another way we are addressing customers’ needs by offering the industry’s most complete line of insulation products,” said Todd Raba, chairman, president and CEO of Johns Manville. “IIG has a consistent track record of product performance, in keeping with the quality our customers expect from Johns Manville. We look forward to exploring opportunities to build on IIG’s strong market position and expand its product portfolio.”
Johns Manville does not plan to significantly change the operations at IIG. Existing IIG plants located in Brunswick, Ga.; Grambling, La.; Fruita, Colo.; Phenix City, Ala.; and Houston are a key part of Johns Manville future commercial and industrial strategy. IIG chairman and CEO Philippe Delouvrier will remain involved with the company in an advisory role.
Johns Manville, a Berkshire Hathaway company, is a Denver-based manufacturer and marketer of building insulation, mechanical insulation, commercial roofing and roof insulation, as well as fibers and nonwovens for commercial, industrial and residential applications.