IPCOM, an ambitious and fast-growing European group of companies, completed the acquisition of Flexicel Industrial and Flexicel Portugal Unipessoal, providers of insulation materials. Financial terms were not disclosed. “Flexicel offers a broad range of materials and designs. This enables us to offer our customers an excellent product that adapts to the function and productivity they require. Our tailor-made solutions and overall approach have helped us to become the Iberian Peninsula market leader in conversion of technical insulation. We are now looking forward to joining the IPCOM team. This opportunity will give us a fantastic platform from which to grow further and allows us to add our extensive expertise to a European group which, like us, has innovative insulation solutions at its heart,” Jose Luis Gonzalez, Flexicel Founder and CEO