The Urethane Blog
November 22, 2019
Johns Manville Announces Acquisition of ITW Insulation Systems
DENVER–(BUSINESS WIRE)–Johns Manville (JM), a Berkshire Hathaway company and leading building products manufacturer, announced today it has signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. that is well known in the industrial industry for its premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions. The deal is expected to close in early December.
“This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
“The acquisition of ITW Insulation Systems represents an important strategic opportunity to offer expanded insulation solutions to the industrial market,” said JM President and CEO Mary Rhinehart. “This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”
ITW Insulation Systems has 100 employees who work at four manufacturing plants in the U.S. and Canada (Houston, Texas; La Porte, Texas; Edmonton, Alberta; and Mississauga, Ontario).
ITW Insulation Systems’ primary markets include refining, petrochemical, power, LNG, food & beverage, oil sands and other energy applications.
“There is substantial growth occurring in the cold and cryogenic markets,” said Bob Wamboldt, President of JM’s Insulation Systems business. “We wanted to participate more actively in this space and the product portfolio offered by ITW Insulation Systems allows us to do exactly that.”
JM plans to integrate ITW Insulation Systems as a key part of its industrial insulation portfolio without making significant changes to the existing operations at ITW Insulation Systems.
“JM’s Industrial Insulation business is a market leader, producing the broadest product portfolio of any manufacturer in the industrial insulation industry,” said Dave Skelly, General Manager of Performance Materials at JM. “Historically, this has included high-temperature calcium silicate, expanded perlite, mineral wool, microporous blankets and silica aerogel, and now, with the addition of ITW Insulation Systems, our portfolio includes both low-temperature polyisocyanurate foams and metal jacketing. These additions make our industrial insulation portfolio incredibly robust and allow us to be a single source for our customers’ insulation and jacketing needs.”
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. In business since 1858, the Denver-based company has annual sales over $3 billion and holds leadership positions in all of the key markets that it serves. Johns Manville employs 8,000 people and operates 42 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.
https://www.businesswire.com/news/home/20191121005093/en/Johns-Manville-Announces-Acquisition-ITW-Insulation-Systems
November 21, 2019
Container rates are up significantly over this time last year.
https://ycharts.com/indicators/reports/harpex
November 21, 2019
Container rates are up significantly over this time last year.
https://ycharts.com/indicators/reports/harpex
November 20, 2019
ACC Statement on New Congressional Task Force on Ethylene Oxide
Tom Flanagin
(202) 249-6509
WASHINGTON (November 20, 2019) – Today, the American Chemistry Council released the following statement on the creation of a new Congressional Ethylene Oxide Task Force:
“We understand and appreciate the concerns that people have about the air they breathe and welcome the opportunity to discuss ethylene oxide with Congressional lawmakers. No one should have to question whether the air they breathe is clean. That’s why companies that make and work with ethylene oxide are actively investing in research and cutting-edge product stewardship technologies — so that we can continue to help protect the health of our communities. As a result of these actions, industrial ethylene oxide emissions have already fallen nationwide by over 80% since 2002.
“Ethylene oxide is a versatile and valuable compound that’s used to help make countless everyday products. We use it to make household cleaners and personal care items, create fabrics, and manufacture raw materials into more useful forms. A small but critical use of ethylene oxide is the sterilization of medical equipment. It’s estimated that more than 50 percent of all medical devices that families rely on are sterilized with ethylene oxide.
“There has been much confusion about the health risk of ethylene oxide, and we look forward to clarifying these issues as we work with this new task force and continue to protect the safety of our communities, our environment and our workers.”
Read more here: https://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/ACC-Statement-on-New-Congressional-Task-Force-on-Ethylene-Oxide.html
November 20, 2019
ACC Statement on New Congressional Task Force on Ethylene Oxide
Tom Flanagin
(202) 249-6509
WASHINGTON (November 20, 2019) – Today, the American Chemistry Council released the following statement on the creation of a new Congressional Ethylene Oxide Task Force:
“We understand and appreciate the concerns that people have about the air they breathe and welcome the opportunity to discuss ethylene oxide with Congressional lawmakers. No one should have to question whether the air they breathe is clean. That’s why companies that make and work with ethylene oxide are actively investing in research and cutting-edge product stewardship technologies — so that we can continue to help protect the health of our communities. As a result of these actions, industrial ethylene oxide emissions have already fallen nationwide by over 80% since 2002.
“Ethylene oxide is a versatile and valuable compound that’s used to help make countless everyday products. We use it to make household cleaners and personal care items, create fabrics, and manufacture raw materials into more useful forms. A small but critical use of ethylene oxide is the sterilization of medical equipment. It’s estimated that more than 50 percent of all medical devices that families rely on are sterilized with ethylene oxide.
“There has been much confusion about the health risk of ethylene oxide, and we look forward to clarifying these issues as we work with this new task force and continue to protect the safety of our communities, our environment and our workers.”
Read more here: https://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/ACC-Statement-on-New-Congressional-Task-Force-on-Ethylene-Oxide.html
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