Rigifoam: Acquisition of National Urethanes Industries
The Rigifoam group of companies announced the acquisition of National Urethanes Industries (NUI), a South African polyurethane systems house specialising in the manufacture of CASE (coatings, adhesives, sealants and elastomers) products. Established in 1982, NUI has built its reputation around specific customer solutions with its specialised formulations and product range. Besides its headquarters in Johannesburg, the company has branches in Cape Town, Durban and Port Elizabeth. Financial details of the transaction were not disclosed.
Duncan Goldsmith, Managing Director of Rigifoam, said: “NUI's product range will also complement the Rigifoam groups of products, from waterproofing with Lambdaboard products, floor coatings, intumescent coatings for spray foam as a few examples. Our present raw material supply chain will also allow for consistent output of products. We also managed to retain the staff of NUI so the market relationships remain, until further notice the NUI production will continue out of their present facility in Isando
Donavan Slade, director of NUI, said: “Thank you to all our customers who supported NUI over the last 38 years, we are here to stay and we are here to keep offering the same excellent service. I am confident that the relationship with Rigifoam will greatly bolster the service you receive from NUI, from the stock supply, reliability and stock holding of our sales team, production and office staff."
In addition, Rigifoam announced that Donavan Slade will remain the "face" of NUI, with over 25 years of product and industry knowledge, and will drive the new NUI through the next chapter to even greater success.