We are happy to inform you that Kingspan Insulation has signed a deal for the acquisition of a majority stake in HempFlax Building Solutions GmbH. HempFlax will continue to be involved as a minority shareholder and leading raw material supplier to support future growth of the business. HempFlax Building Solutions GmbH was previously part of HempFlax Group. HempFlax Group offers a wide range of hemp products varying from CBD oils to industrial applications. HempFlax Building Solutions produces hemp fibre insulation products. The products are manufactured in the factory located in Nördlingen Germany, which forms part of the acquisition.
The world is on a journey to net-zero carbon. At Kingspan, our full spectrum offering is already helping you on this journey, with a range of insulation solutions designed to help buildings drive down operational carbon by saving energy. Now, we’ve taken a step forward in driving down the embodied carbon of our insulation materials.