Insulation provider URSA has been acquired by global investment firm KKR, strengthening the manufacturing business’ brand, product range and service offering.
With a turnover of more than €500m, URSA is one of Europe’s major forces in insulation with an overarching focus on the supply of glass mineral wool and extruded polystyrene. The firm launched in the UK in 2005 and has continued to penetrate this market during the past decade. With a renewed financial confidence and with the support of a powerful international investment business, URSA is set to implement a series of development plans including several new product launches.
David Kemp, commercial manager UK and Ireland at URSA, said: “This is a really exciting move that will give URSA the confidence and flexibility to grow and develop, further penetrating the UK market. As the construction industry in the UK becomes more buoyant, with projects across all sectors now coming to fruition, there is huge scope for URSA to increase its market share. With this added financial support, we now have the felicity and confidence to make the necessary steps to take the business to the next level.”
Mr Kemp added: “Now is undoubtedly the next chapter for URSA. We will continue to supply the UK market through our existing channels, however, we are developing new product ranges and adaptations of existing ones that ensure we stay one step ahead of market demand.”
Picture caption: David Kemp, commercial manager UK and Ireland at URSA.