Etex has expanded its UK footprint with the acquisition of FSi Limited. With an annual turnover of around £20 million, FSi is one of the UK’s leading manufacturers and suppliers of firestopping products, including intumescent sealants and ablative-coated stone wool batts.
The move strengthens Etex’s ability to provide comprehensive lightweight construction solutions for clients through its Building Performance division, in particular complementing its Siniat and Promat brands which provide plasterboard and passive fire protection systems respectively. The acquisition also supports Etex’s OEM solutions for industrial clients through its Industry division.
Alongside its head office and manufacturing base in Measham, Leicestershire, FSi has a manufacturing facility in Cowdenbeath, Scotland and a distribution depot in West Thurrock, Essex. The company employs around 110 people and has experienced strong sales growth in recent years.
FSi will be integrated into the Etex business over the next few weeks, with the brand and current FSi commercial team continuing to operate as before.
Patrick Balemans, head of Etex Building Performance (North West Europe), said: “There’s a strong fit between FSi’s product portfolio and our existing Promat and Siniat passive fire protection and drylining ranges, and OEM applications. There’s also great synergy between our two businesses. Like us, FSi has built a reputation for robust product development, technical expertise and high-quality materials.
“This acquisition reinforces our ability to provide clients with fully tested and certified material systems – something we know the market is increasingly demanding, particularly as new fire safety legislation comes through from government.”