Selena Group, a global producer and distributor of construction chemicals, has acquired IGM Group, a Portuguese manufacturer of sandwich panels and thermal insulation products, for an undisclosed amount. This corporate acquisition signifies a strategic expansion for Selena Group into specialized segments of the construction insulation market. Selena, established in Wrocław in 1992, has grown into one of the four largest producers of polyurethane foam for the construction industry globally.
Operating with over 1800 employees across 30 companies in 19 countries, Selena Group's diverse product portfolio encompasses foams, sealants, adhesives, waterproofing products, insulation systems, and fastenings. The company's reach extends to professional users in nearly 100 countries, supported by a globally integrated R&D network, with its primary center in Dzierżoniów driving innovation for modern building solutions. Selena's commitment to quality and innovation has earned it accolades such as the Polish President’s Economic Award and the "Investor without borders" title.
IGM Group's core business lies in the production of sandwich panels, which are essential components for high-performance thermal insulation in modern construction. This acquisition is strategically aligned with Selena Group's growth objectives, allowing it to significantly bolster its existing insulation systems portfolio and deepen its market penetration in key European regions. The integration of IGM’s specialized manufacturing capabilities enhances Selena's capacity to deliver a wider array of advanced building material solutions.
The transaction is anticipated to yield substantial synergies, leveraging Selena’s expansive global distribution network and R&D leadership with IGM’s proven product expertise in thermal insulation. This combination is set to create a more comprehensive and competitive offering of integrated solutions for energy-efficient construction, driving value for professional builders worldwide. This acquisition reinforces Selena Group's ongoing commitment to sustainable growth and innovation within the international building materials sector.