Industry Updates - January 2023

Fri, Jan 13, 2023 at 8:00AM

Fi-Foil Company Acquires Kennedy Insulation Group

Fi-Foil Company, a portfolio company of Validor Capital and a highly specialized manufacturer of reflective insulation and radiant barriers, has acquired Kennedy Insulation Group, significantly expanding its reflective insulation product line. Read more.

ICP Group Appoints New Chief Financial Officer

ICP Group has named Glen Ferguson as its new Chief Financial Officer (CFO). Ferguson will manage setting and executing the overall financial strategy for ICP, ensuring alignment between business and financial strategy to position the company for growth. Going forward, all ICP finance and accounting teams will report to Ferguson. Read more.

Beacon Expands in Southeast Florida

According to the Herndon, Va.-based roofing and building products distributor, the latest branch strengthens the company’s presence in southeast Florida, particularly with service to the Miami-Dade market and the Keys. Read more.

IKO Pursuing 700,000-Square-Foot Manufacturing Facility in Clay County

IKO Industries, a 71-year-old Toronto-based manufacturer of roofing, waterproofing and insulation products for the residential and commercial markets, is working toward construction of an almost 700,000-squarefoot manufacturing complex in Clay County. Read more.

AES Industries, Inc. Acquires Sunoptics Prismatic Skylights from Acuity Brands Lighting, Inc.

Sunoptics designs and manufactures prismatic skylights and daylighting delivery systems that harness the power of the sun to maximize the cost-effective energy savings of daylighting in classrooms, offices, retail and warehousing applications. Read more.

Firestone Building Products is Now Elevate

Firestone Building Products announced that it is adopting the Holcim name and brand identity, becoming the Holcim Building Envelope division of its Solutions & Products Business unit. Firestone’s iconic brand becomes Elevate, symbolizing Holcim’s continued commitment to delivering superior quality and innovation with advanced building solutions. Holcim’s range of building envelope solutions includes wall, lining and waterproofing systems for commercial and residential applications. It unites some of the most trusted and high-quality brands in its sector including Gaco, GenFlex and Malarkey Roofing Products. Read more.

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