Fort Lauderdale, Florida -- Trans Global Group Inc. (TGGI) expects to close the acquisition of All Weather Insulation (AWI), a manufacturer of spray and injection foam rigs, by the end of April, a company statement said.
TGGI subsidiary Ecosafe Insulation of Florida llc (ECOFL) will change its name to All Weather Insulation upon closing the deal, Florida-based TGGI said 7 April.
The company has also appointed Ian Provan as its new president; he will be responsible for completing the acquisition of AWI and overseeing its integration with the company's ECOFL subsidiary.
Provan has over 40 years of experience in the chemical industry and, along with two colleagues, created BioPolymers llc -- a specialist in polyurethane foam derived from renewable resources, the statement added. (RD)"