Austrotherm to acquire DCD IDEAL.

Austrotherm, a provider of climate-protecting thermal insulation in Central and Eastern Europe, agreed to acquire DCD IDEAL, a manufacturer of expanded polystyrene insulation materials. Financial terms were not disclosed. “With the purchase of DCD, we are closing the last white spot in our core markets of Central and Eastern Europe and are thus strengthening Austrotherm's market position. DCD and Austrotherm are successful family businesses that harmonize very well in terms of their corporate cultures. The takeover of DCD supports the strategy of continuing to invest in our core products EPS and XPS. We are pleased about the opportunity to expand our climate-friendly product range for our customers, to be able to supply our XPS customers in the Czech Republic with EPS and thus to offer them an even better service," Klaus Haberfellner, Austrotherm Managing Director.