August 7, 2017

Xella acquires leading European insulation materials manufacturer URSA

Duisburg, August 7, 2017. Xella International GmbH signed an agreement with the investment firm KKR and other shareholders to acquire the insulation materials manufacturer URSA. The transaction is still subject to approval by the competent antitrust authorities, which is expected before the end of the year. Once the purchase is completed, URSA will continue its successful growth path under the umbrella of the Xella Group, as an independent business.

 "Targeted M&A activities are an important component of our growth strategy. URSA has experienced good growth performance in the past few years and has outstanding growth prospects, which will help advance the Xella Group overall. We will invest in URSA and support the company with the necessary resources on the path to further profitable growth,” says Xella Group CEO Dr. Jochen Fabritius.
 
The new business unit strengthens Xella’s leading position in the building materials industry. As a leading European producer of insulation materials, URSA contributes significantly to sustainability with its high-performance mineral wool and XPS products. URSA’s products are an excellent addition to Xella’s existing products and solutions: mineral wool complements the Xella product spectrum and augments its expertise as a supplier of solutions for highly efficient, sustainable building structures made of non-combustible mineral construction materials. XPS is a high-performance insulation material for use under high humidity and pressure loads, and complements Xella’s portfolio of special insulation materials.
 
In addition, URSA’s geographical footprint and business model is very similar to Xella, which will facilitate a speedy and smooth process of growing together.
 
"In Xella, we are delighted to have gained a strategic owner from our industry, who will benefit us in many ways on our continued growth path,” comments Pepyn Dinandt, Chairman and CEO of URSA.
 
 
Contact person for the press:
 
Xella International GmbH
Andrea Mittmann – Public & Investor Relations
Phone: +49 203 60880-5501
Email: andrea.mittmann@xella.com
 
 
About Xella
 
Xella Group is a leading, internationally operating solution provider of building materials and related industries, with sales of 1.33 billion euros (2016) and over 5,900 employees.  Xella is one of the pioneers in digitally supported building processes and will consistently follow the chosen profitable growth path.
 
Xella is headquartered in Duisburg/Germany, with 95 plants in 20 countries and sales organizations in more than 30 countries. In many of its market segments Xella holds a leading position.
 
The success of Xella is based on strong brands in the premium segment, a superior service portfolio, a solid business model, and systematically expanded cost leadership.
 
Xella’s products are sustainable both in manufacturing and use. Therefore, they make an important contribution to the construction of long-lasting, energy-efficient, and high-quality buildings, and thus to environmental protection and the conservation of resources.
 
Xella is led by an experienced management team including Dr. Jochen Fabritius (CEO) and
Dr. Jens Kimmig (CFO).
 
Further information on Xella Group can be found on the internet at: www.xella.com
 
 
About URSA
 
URSA is a leading European insulation provider with the headquarters in Madrid. With approximately 450 Million Euros turnover, URSA is one of the major insulation players in Europe, focused on mineral wool and extruded polystyrene (XPS) as solutions for insulating residential and non-residential buildings, both new and being renovated.
 
With 13 production sites in 9 countries and a commercial presence in around 40 markets in Europe, Middle East and Northern Africa. URSA employs around 1.800 people in countries such as Germany, France, Russia, Poland, Slovenia, Austria, Czech Republic, Italy, Spain, Belgium, UK, etc.