- In January 2024, Irish building materials company Kingspan Group acquired a 51% stake in German insulation manufacturer STEICO for €250 million. This strategic move enhances Kingspan's portfolio in sustainable insulation solutions, particularly in the European market
- In November 2023, Kingspan introduced HemKor, its first bio-based insulation product primarily made from hemp. This launch aligns with the company's sustainability goals, aiming to reduce the embodied carbon in building materials
- In November 2023, BevZero launched BevClad, an energy-saving tank insulation system, in the European market. Previously successful in the U.S. wine industry, BevClad aims to help European companies reduce energy costs while maintaining stable tank temperatures
- In May 2022, Netherlands-based Seal for Life Industries acquired Mascoat Ltd., a U.S.-based manufacturer specializing in thermal insulation coatings, and Verdia, Inc., a polymer flooring manufacturer. This acquisition strengthens Seal for Life's position in the tank insulation market by enhancing its product offerings
- In February 2024, Rockwool International, a Denmark-based insulation manufacturer, announced the appointment of Jes Munk Hansen as its new CEO, effective September 1, 2024. This leadership change is expected to influence the company's strategic direction in the insulation sector
