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Hempflax International Acquires German Fibre Insulation Materials Manufacturer Thermo Natur.

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MANews-(C)2009-2020

UK-based hemp producer Hempflax International Ltd has launched a building supplies division following its acquisition of the assets, licencing, brand and certifications of German fibre insulation materials manufacturer Thermo Natur GmbH and Co. KG, the company said.

The deal accelerates HempFlax's strategy to integrate the business and own even more of the value chain.

By acquiring Thermo-Natur's existing operations and product certifications, which would ordinarily take 18 months to obtain, HempFlax is able to operate a 'seed-to-shelf' business model and immediately capitalise on the rising consumer demand for sustainable building materials in Europe.

Increasing concerns about climate change, the need for energy conservation and ambitious carbon reduction goals are driving demand in the organic insulation market.

According to the company, the global growth potential is...

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