29-02-2024 IPCOM continues to strengthen its high temperature business with the Acquisition of Dualinvest kft.
IPCOM, the pan-European leader in the distribution and conversion of technical insulation, today announces the acquisition of Dualinvest Kft. Dualinvest is based in Mosonudvar, Hungary. With this acquisition, IPCOM will continue to strengthen its offering and presence in high temperature solutions. Dualinvest will become part of the high temperature business unit of IPCOM, called the INSULCON group.
Dualinvest, founded in 1998, manufactures and distributes advanced insulation materials for high-temperature environments. With more than 25 years of experience in the insulation industry, Dualinvest has established a solid presence in areas such as
refractory masonry, factory construction and technical thermal insulation. On top, the company offers a wide range of insulation products that can withstand temperatures of up to 1850°C. Using their expertise, they guarantee their customers the best solution for their project where sustainability and quality are high priorities.
Mihály Kappel, CEO and founder of Dualinvest “IPCOM is the right partner for Dualinvest to continue our growth and further enhance our know-how in a structurally growing high-temperature insulation market. We are eager to contribute to IPCOM's global strategy and work with new teammates."
Patrick Noppen, CEO INSULCON Group, commented: “Joining forces with Dualinvest will strengthen our position and accelerate our growth in the hightemperature insulation market. Together and given our combined expertise, we will gain greater scale to extend our geographic reach and expand our offering to our customers. We look forward to working and welcome the employees andmanagement of Dualinvest into the INSULCON Group.”
Remco Boerefijn, CEO IPCOM Group, commented: "Dualinvest represents an excellent strategic fit with our INSULCON Group business unit. We look forward to further integrating their expertise and product portfolio into our group. This will strengthen our position in the Hungarian market and further extend our market leadership in high-temperature solutions."
