"The acquisition of the Romanian plant will support Knauf Insulation's growth objectives and provide additional capacity to meet the growing demand for our insulation solutions in the region," said Dominique Bossan, CEO of Knauf Insulation Europe / Middle East / Asia, member of the Management Committee of the Knauf Group.

"Knauf Insulation intends to invest in state-of-the-art technologies and modernize the Romanian factory by aligning manufacturing processes with our standards, ensuring the highest quality solutions for our customers, while providing the safest possible working conditions for employees, but also the highest standards of environmental responsibility, in line with our commitment to a better world”, added Dominique Bossan.

Following the conclusion of the transaction, Knauf Insulation plans to invest in upgrading the production line in Târnăveni to Knauf Insulation standards to produce glass mineral wool with innovative ECOSE® technology.