Kingspan Group, the world’s largest manufacturer of premium and high performance insulation and building envelope solutions, has acquired Rhino Water Tanks, a leading manufacturer and supplier of steel water tanks for the Rural & Commercial sector in Australia.
Rhino Water Tanks will join the Environmental division as part of the Kingspan Water Business Unit, further positioning Kingspan as the market leaders of quality water management solutions in the Residential, Rural and Commercial Sectors in Australasia and beyond. The Environmental Division has demonstrated consistent growth over the last number of years with the acquisition of Tankworks Australia in 2016 and investment in market development, manufacturing capability and customer service. Rhino Water Tanks is well established in Australia and only sets to further position Kingspan Environmental as providers of water management, energy storage, renewable energy, service and telemetry on a global scale.
The acquisition will allow an exceptional and unparalleled range of products and expertise offered to the Australasia and other export markets.
Stuart Heldon, Business Unit Director of Kingspan Environmental said of the move: