The Netherlands-based insulation and ceilings manufacturer the Rockwool Group has entered in an agreement of purchase of Chicago Metallic for $140 million. This marks the largest acquisition to date by the Rockwool Group.
The European company has recently made in-roads over the last couple of years: entering the North American market with a sales office in Milton, Ontario, Canada; breaking ground for a production facility in Mississippi and now this acquisition. Sales and marketing for Rockfon (its insulation and ceilings division) gave a presentation at this year’s CISCA on the benefits of using stone wool materials in products.