Argos Soditic Buys Misapor

Argos Soditic has acquired a majority stake in Misapor, a Surava, Switzerland-based maker of foam glass granulate for the European construction market. The deal was structured as a management buyout.


ARGOS SODITIC announces the acquisition of a majority stake in MISAPOR, the leading foam glass granulate producer in Europe through an MBO. Located in Surava, Switzerland, Misapor manufactures foam glass granulate, an innovative building material, 98% of which is made from recycled glass.

In addition to its excellent insulating characteristics, foam glass granulate is durable, inert, lightweight, easy to handle and withstands high pressure. It is used in the construction industry for ground insulation,
lightweight aggregate, landscaping and to produce lightweight and highly insulating concrete. The main application of foam glass granulate is thermal ground insulation. This market has experienced strong growth and is expected to continue to grow in the coming years. In its niche within the construction material market, Misapor is the clear market leader in Europe with a market share of 77% in Switzerland and 54% in Germany – currently the main two countries in the market for foam glass granulate. Misapor’s product addresses two global megatrends, sustainability and energy saving.

Misapor has experienced strong growth in Switzerland over the past years by developing and educating the Swiss market about its innovative product. To continue this growth, Misapor plans to expand to Germany and other European countries. In order to finance new production facilities in new countries and to enhance growth and fully exploit its potential, Misapor’s shareholders decided to look for a strong financial partner. All old shareholders had the opportunity to cash out or reinvest in the transaction and continue to be a part of Misapor’s next expansion phase. The acquisition was funded by re-investing shareholders, the management team and Argos Soditic funds with existing debt from Graubundner Kantonalbank.

For more information on Misapor and its products :