Kingspan acquired Thermakraft Ltd in 2021 to provide a wider range of solutions to customers in the Australasia market. In July 2022 Kingspan Insulation NZ Limited was formally launched merging Kingspan and Thermakraft businesses into one entity. This new business now becomes New Zealand's leading provider of high-performance insulation products and complementary Thermakraft range of premium wall & roof underlay products, flashings tapes & underlay mesh. Kingspan Thermakraft provides best-in-class insulation and weather tightness solutions that enhance the spaces people live and work.