Etex completed the acquisition of URSA from Xella for $825m.

Etex, a provider of lightweight solutions, completed the acquisition of URSA, a developer and manufacturer of insulation materials, from Xella, a manufacturer of building materials and insulation products for $825m. “The acquisition of URSA confirms the portfolio shift initiated a few years ago by Etex to become a global leader in lightweight and modular construction. This acquisition is a strategic fit for Etex combining a new growth platform with a strong focus on sustainability. I have been truly impressed by both the quality of the management at URSA and its sound business model. I look forward to welcoming our new teammates to Etex and embarking on a prosperous future together," Bernard Delvaux, Etex CEO.