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Rockwool Group acquires the company FAST sp. zo.o. in Poland

In order to establish a position in the fast growing market for external facade insulation systems, the Rockwool Group has signed an agreement to acquire all activities in the Polish company FAST sp. z o.o.  FAST is one of the leading system holders in the Polish market for external facade insulation systems also known as ETICS. In 2010, FAST generated a turnover of DKK 94 million and employed 90 persons.

“With the acquisition of FAST we have gained access to cutting-edge capabilities within coating and plaster production as well as colouring techniques. FAST has a strong brand in the market and an excellent distribution network. These capabilities are crucial for further promotion of external facade insulation systems and to increase the share of Rockwool stone wool inside these systems”, says Division Managing director Theo Kooij.

The market for external facade insulation is growing fast due to the focus on energy efficiency in the building sector. Energy renovation of the existing building mass – especially in Central and Eastern Europe - is often achieved by adding a facade insulation system on the existing outer wall. The most used insulation currently used in this specific market is plastic foam insulation and it is the Rockwool Group’s strategic aim to change that.

“With this acquisition we aim at expanding the use of stone wool solutions starting in Poland. Rockwool facade systems offer both thermal, acoustic and improved fire protection, but these full-performance advantages are not well reflected in our current market shares. With the strong complementary technologies of FAST, we will be able to increase our penetration into this fast growing segment of the building insulation market”, Theo Kooij ends.

The acquisition deal is expected to be closed by end of October 2011.

         Further information: Gilles Maria
         CFO
         Rockwool International A/S
         +45 46 56 03 00
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