ROCKWOOL Group is acquiring Wetherby Building Systems Ltd. The acquisition marks an important milestone in ROCKWOOL's quest to expand its facade expertise in the UK.
Wetherby Building Systems Ltd, headquartered in Golborne, Greater Manchester, is a leading UK supplier of external thermal insulation composite systems (ETICS). Wetherby will become part of the ROCKWOOL Wall Systems organisation under the new designation Wetherby Wall Systems, joining counterpart organisations that include ETICS specialists HECK Wall Systems in Germany and FAST Wall Systems in Poland.
The energy efficiency of buildings plays an important role in meeting the UK's commitment to reaching net zero by 2050. ROCKWOOL Group CEO Jes Munk Hansen said, “This acquisition underlines ROCKWOOL’s commitment to further expanding our presence in the UK market and to continuing to transform the construction sector towards sustainable and non-combustible façade solutions. The share of stone wool insulation in the Wetherby business has been growing steadily, and we will be completing this transition to a fully stone wool-based portfolio, as we have done in other markets in the past.”
For Wetherby Building Systems Ltd, this acquisition is a significant step in its long-term development. The company will continue its existing partnerships with developers, customers, and suppliers.
Wetherby Managing Director Bob Deane comments: “There is a long-standing relationship between Wetherby and ROCKWOOL, and the match is strong on all significant drivers, from business model and technology to company culture and values. I am convinced that inside the ROCKWOOL organisation, Wetherby will meet its full potential for wall system solutions.”
The transaction does not affect ROCKWOOL’s financial expectations for 2024.
Image source - Pexels.
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