Low & Bonar purchases Xeroflor
Netherlands-based Low & Bonar, the parent company of Colbond Inc., announced in a March 2 press release the acquisition of Xero Flor International GmbH, a long-established supplier of green roof solutions, based in Germany. The company will continue its operations under the name Xeroflor Green Solutions.
North Carolina-based Colbond sells drainage mats to the green roof market that are complementary to Xeroflor’s systems.
The press release described Xeroflor as “an innovative business with a strong position in the fast-growing green roof market. Its core activity is in the design of value-added pre-vegetated mats used for both new and refurbished buildings.”
Green roof systems developed by Xeroflor for almost four decades are supported by patents, which the company licenses to specialized industry partners, according to the release. Xeroflor also supplies green roof components to a global customer network.
Jan van Boldrik, CEO of Colbond said: “For many years the green roof market has been a strategically important segment to us. This acquisition will help us strengthen further our group’s position in this market and adds yet another dimension to our environmental sustainability programs.”