Morgan Advanced Materials acquires Porextherm

Morgan Advanced Materials completed its acquisition of Germany-based Porextherm Dämmstoffe (Porextherm), further strengthening its presence in global high temperature insulation products.

Porextherm was established in 1989 and since then has developed a wide range of WDS high-temperature insulation and Vacuum Insulation Panel (VIP) products, establishing its presence in the production of microporous insulation materials. The company will become part of Morgan’s Thermal Ceramics business and the Porextherm brand name will be retained.

The acquisition further strengthens Morgan’s position in microporous insulation. Porextherm’s facility in Kempten, Germany, will complement Morgan’s existing manufacturing operations at Elkhart in the USA and Daegu in South Korea and will enable the Group to fulfil growing demand in markets such as automotive and petrochemicals. Specifically, it allows Morgan to leverage Porextherm’s distinctive competences and expertise in three key areas – speciality encapsulation technology, speciality near-net-shape technology, and best-in-class industrial insulation technology –enhancing the Group’s offering in thermal insulation solutions for demanding applications across a broad spectrum of industry sectors.

As part of the wider Morgan organisation, Porextherm will benefit from access to global sales, marketing, research & development, engineering and manufacturing facilities and knowledge, providing an ability to enter and establish itself in a number of new markets.

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