Rhino Linings and BioBased Technologies Align

Rhino Linings Corp., a global provider of protective polyurethane, polyurea, polyaspartic and epoxy coatings, has acquired BioBased Insulation, a division of BioBased Technologies LLC. At the same time, BioBased Technologies LLC, a seller and marketer of Agrol, a bio-based family of polyols used in manufacturing, is acquiring the Soyol polyol and related technology assets from Rhino Linings.

The strategic alliance of both companies will allow BioBased Technologies to focus on the development and continual improvement of renewable and sustainable solutions for the chemical industry with a large portfolio of bio-based polyols, and Rhino Linings to focus on spray-foam systems for residential and commercial insulation. BioBased Insulation is Rhino Linings’ second acquisition in the soy system business this year. Earlier this year, Rhino Linings acquired Soyol polyol technology from Urethane Soy Systems Co.

“This acquisition strengthens our commitment to be one of the leading spray-system providers by expanding our current product line and offering the best products available,” says Pierre Gagnon, president and CEO of Rhino Linings. “The spray-foam-insulation market is experiencing rapid global growth. We are now positioned to have a stronger footprint in this business.”

“We’re excited about the opportunity for growth that this exchange gives our company. The acquisition of the Soyol group of technology will strengthen our ability to meet our customers’ needs to provide greener solutions to the marketplace,” adds Amy Sorrell, CEO of BioBased Technologies.

BioBased Insulation spray polyurethane products help to lessen the environmental impact of residential and commercial structures. The biggest benefit to the environment comes from the performance of the products, which increase the energy efficiency of buildings and reduce their carbon footprint.

Rhino will relocate BioBased Insulation operations to the Rhino facilities in Carrollton, Texas.

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