UK: Belgium-based Etex has announced its acquisition of FSi Limited, a leading UK supplier of intumescent sealants and ablative-coated stonewool batts, which generated an operating profit of Euro22.0m in 2019. The new subsidiary produces its firestopping materials in Cowdenbeath, Fife, West Thurrock, Essex and Measham, Leicestershire, where it is headquartered.
The group said, “The move strengthens Etex’s ability to provide comprehensive lightweight construction solutions for clients through its building performance division, in particular complementing its Siniat and Promat brands, which provide plasterboard and passive fire protection systems respectively. The acquisition also supports Etex’s original equipment manufacturer (OEM) solutions for industrial clients through its industry division.”
