Etex enters exclusive negotiations to divest XPS insulation business to Austrotherm

Etex has initiated exclusive talks to sell its XPS insulation division to Austrotherm, signaling a strategic pivot to focus exclusively on glass wool. The divestment includes manufacturing facilities in Italy, Spain, Germany, and France, which were acquired by Etex during its takeover of Ursa. The financial terms remain undisclosed, and the deal is subject to regulatory approval.