Kingspan Insulation LLC, a subsidiary of the Ireland-based Kingspan Group plc which is the global leader in high performance insulation and building envelope solutions, has successfully completed the acquisition of Dyplast Products LLC. Dyplast Products will join the North American region of Kingspan's Insulation Division.Dyplast has established itself as a market leader in multiple industries and applications including energy / LNG, petrochemical, pharmaceutical, refrigeration, cold storage, and construction, among others. The Dyplast acquisition will serve as a platform for Kingspan to develop a technical insulation business in North America that combines Dyplast's firm foundation with the advanced capabilities Kingspan has globally.
Former CEO of Dyplast Products LLC, Ted Berglund said, "When I decided to sell Dyplast, one of my main considerations was to find a buyer that would continue Dyplast's commitment to excellence and offer the Dyplast team an exciting future. Kingspan met and exceeded those expectations. I am very excited about the future and look forward to working with Kingspan as a strategic advisor."
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Moving forward, the Dyplast Products business will be led by Vincent Fuster, who will serve as the General Manager. Vincent expressed his enthusiasm by stating, "Our teams are very excited to embark on this journey! Together, we will build an even stronger organization focused on customer needs, delivering results, and solidifying our relationships. The best decision we have made was to partner with Kingspan to drive growth, to build enthusiasm and to keep producing the finest products, as we have always done."
Managing Director of Kingspan Insulation LLC, Doug Crawford, added "We are thrilled to welcome Dyplast's talented employees to the Kingspan family and look forward to strengthening the partnerships Dyplast has established with its business partners . The combination of these businesses will be powerful. I am excited and optimistic about the path ahead and look forward to working closely with Ted and Vincent to take our collective business to new heights."
Kingspan Insulation LLC, headquartered in Atlanta, GA, is a leading manufacturer in energy efficiency and moisture management products, offering high-performance insulation, building wraps and pre-insulated HVAC ductwork. Kingspan Insulation LLC is part of the Kingspan Group plc., one of Europe's leading construction product manufacturers. The Kingspan Group was formed in the late 1960s and is a publicly traded group of companies headquartered in Kingscourt, County Cavan, Ireland. Kingspan Group has manufacturing, distribution and commercial operations throughout Europe, North America, Australasia, the Middle East and other locations across the globe.
Kingspan Insulation LLC