Finnfoam

What Finnfoam does

Finnfoam is a Finland-based, family-owned manufacturer of plastic-based thermal insulation products serving residential, commercial, and infrastructure construction across Northern, Central, and Eastern Europe. Founded in 1982 and headquartered in Salo, the group operates eight subsidiaries and manufacturing plants in Finland, Sweden, Lithuania, Estonia, and Spain, with sales coverage spanning the Nordics, Baltics, Iberia, Poland, and additional Eastern European markets. The company reported group turnover of €178.5 million and 280+ employees in 2021.

The core product portfolio is built around FINNFOAM XPS (extruded polystyrene) panels, complemented by FF-PIR polyurethane insulation, FF-EPS expanded polystyrene, the Tulppa wet room panel system, and specialized solutions such as FF-FLOOR, FF-FRAME, and FF-SIGNAL. Finnfoam pioneered the use of carbon dioxide as a blowing agent in XPS production in 1998, holding proprietary closed-cell structure technology certified to EN 13164/13165, M1 indoor air, ISO 9001/14001, P1 fire class, and BROOF(T2) standards, with EPDs supporting BREEAM specifications. Recent R&D investments focus on chemical recycling of polystyrene, bioplastic feedstocks via the FF-Future spin-out, and circular-economy product lines such as FF-FRAME (up to 90% recycled content).

Finnfoam's business model is hardware sales of insulation panels and systems, distributed through a hybrid channel mix: regional sales directors managing enterprise and contractor accounts, professional building material distributors for large projects, hardware store retailers for stock SKUs, and a dedicated e-commerce presence for Tulppa wet room products. Pricing is unit-based and quote-driven, with minimum order quantities for special dimensions. The company supplements direct sales with FF-AKATEMIA installer training, a multilingual material bank, and technical specification support to architects and builders.

Name

Finnfoam

Legal name

Finnfoam Oy

Website

https://finnfoam.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Short description

Finnfoam is a Finnish, family-owned manufacturer of XPS, PIR, and EPS thermal insulation panels and wet room systems, serving residential, commercial, and infrastructure construction across Northern, Central, and Eastern Europe through wholesale, retail, and direct sales channels.

Ownership category

akta.pro rank

Product category

Thermal Insulation Materials

NAICS

Polystyrene Foam Product Manufacturing (32614), Urethane and Other Foam Product (except Polystyrene) Manufacturing (32615)

SIC

Plastics Foam Products (3086)

akta.pro primary industry

Foam Plastic Insulation (EPS/XPS/PIR/PUR) (IMADAGAD)

akta.pro secondary industries

Roof Insulation & Cover Boards (IMADAFAN), Insulation & Air/Vapor Barrier Systems (Thermal, Acoustic, WRB/AVB) (IMAFAMAD)

Keywords

• Thermal insulation products
• Extruded polystyrene panels
• Polyurethane insulation boards
• Wet room waterproofing systems
• Frost insulation materials

Headquarters

HQ city

Salo

HQ country

Finland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. XPS Thermal Insulation Products: Sale of FINNFOAM brand extruded polystyrene insulation panels for construction applications including floors, walls, roofs, and frost protection. Products sold through distributors, hardware stores, and direct B2B relationships.
2. FF-PIR Polyurethane Insulation: High-performance polyurethane insulation products with various surface options (aluminum laminate, plastic, gypsum, bitumen) sold for wall, roof, and ceiling applications.
3. FF-EPS Expanded Polystyrene: Gray EPS insulation products for floors, walls, and ceilings, positioned as cost-effective alternative to traditional white EPS with better thermal performance.
4. Tulppa Wet Room Systems: Complete wet room waterproofing solutions including panels, pre-sloped floors, corner enclosures, and accessories for bathrooms and wet areas.
5. Real Estate Operations: Family-owned company also conducts real estate transactions including leasing office space, commercial and industrial premises, and renting apartments through Fashion House in Helsinki.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Finnfoam manufactures and supplies plastic-based thermal insulation products — extruded polystyrene (FINNFOAM/XPS), polyurethane (FF-PIR), expanded polystyrene (FF-EPS), and patented wet room waterproofing panels (Tulppa) — used for frost insulation, base floors, walls, roofs, and saunas in residential, commercial, and infrastructure construction across Nordic, Baltic, and broader European markets. Specialized offerings include FF-FLOOR base floor systems that reduce concrete usage by 30%, FF-SIGNAL passive signal amplifiers, FF-FRAME recycled window frame profiles, and a chemical recycling process for polystyrene insulation waste.

Product overview

Finnfoam is a Finnish manufacturer of plastics-based thermal insulation solutions offering a comprehensive portfolio of products organized into four main brands: FINNFOAM (XPS - extruded polystyrene), FF-PIR (polyurethane insulation), FF-EPS (expanded polystyrene), and Tulppa (wet room panel systems). The portfolio also includes specialized solutions like FF-FLOOR for base floors, FF-SIGNAL for signal amplification, and FF-FRAME for window frames. FINNFOAM XPS products provide the core technology with their consistent closed-cell structure for demanding applications including frost insulation, base floors, roofs, and walls. FF-PIR offers high-performance polyurethane insulation with λD of 0.022 W/mK for walls, roofs, and saunas, available with various surface coatings. FF-EPS provides cost-effective expanded polystyrene insulation in gray (graphite-enhanced) variants for floors, walls, and roofs. Tulppa wet room panels combine XPS core with cement mortar coating for waterproofing and construction. Supporting products include FF-FLOOR (material-efficient base floor solution), FF-SIGNAL (passive signal amplifier), FF-FRAME (recycled PIR-based window frames), and various specialized panels for rail transport, infrastructure, foundation molds, and pipe enclosures. The company operates production facilities in Finland, Sweden, Estonia, Lithuania, and Spain.

Differentiator

Problem solved

Functional benefit

Brands

• FINNFOAM: XPS thermal insulation product made from extruded polystyrene with consistent closed cell structure. Primary product line of the company.
• FF-PIR
• FF-EPS
• Tulppa
• FF-FLOOR
• FF-SIGNAL
• FF-FRAME

Products and services

• FINNFOAM (XPS) Thermal Insulation Panels XPS (extruded polystyrene) thermal insulation panels with consistent closed-cell structure used for frost insulation, base floors, slab-on-ground foundations, walls, roofs, railways (VR panels), infrastructure (FF-INFRA panels), and foundations (molds and pillar molds). Strength classes F-200 through F-700 with compressive strength up to 700 kPa and water absorption ≤0.7%. Sold in flat edge, rabbet, tongue-and-groove, planed-and-grooved, grooved, rail transport, and infra panel variants for professional builders, contractors, and infrastructure projects.
• FF-PIR Polyurethane Insulation Polyurethane (polyisocyanurate) thermal insulation panels with declared thermal conductivity λD of 0.022 W/mK, available with aluminum laminate, plastic, gypsum, flame retardant (FR), and bitumen surface coatings. Includes FF-PIR SAUNA variant rated for service temperatures -50 to +120°C. Used for exterior walls, supplementary insulation, low pitch roofs, saunas, and applications requiring thinner insulation layers. Sold to contractors and builders requiring high-performance insulation.
• FF-EPS Expanded Polystyrene Insulation Gray graphite-enhanced expanded polystyrene insulation panels (λD 0.031 W/mK) for floors, walls, and ceilings. Available in FF-EPS 100 (100 kPa), FF-EPS 60S, FF-EPS X 60S (with diamond-shaped ventilation grid), FF-EPS ETICS (for exterior thin-coat render systems), and FF-EPS 60S SILENT (with soundproofing coating). Used as a cost-effective alternative to traditional white EPS for residential and commercial buildings. Sold to construction contractors and distributors.
• Tulppa Wet Room Panel System Complete wet room waterproofing panel system consisting of FINNFOAM XPS core with cement mortar surface. Functions as both construction board and waterproofing material with a patented horizontal installation system. Product range includes wall panels (flat edge 12.5mm or rabbet 20-80mm), pre-sloped floor panels (1:100 slope), floor drain panels, corner enclosures, mounting brackets, and spacer strips. Installation speed of 10-15 m²/hour. Sold to bathroom contractors, renovators, and residential property owners through dedicated tulppa.com site and retailers.
• FF-FLOOR Base Floor Solution Material-efficient base floor solution for slab-on-ground foundations featuring a unique 3D grooved lattice structure. Provides thermal insulation and a casting mold in a single product, reducing concrete usage by 30% and increasing floor strength by 20%. FF-FLOOR 100S/200 panels measure 600x1200mm in 100mm and 200mm thicknesses with two-way 50/60x50mm fluting. Includes custom reinforcing mesh. Sold to construction contractors building energy-efficient residential and commercial foundations.
• FF-SIGNAL Passive Signal Amplifier Patented passive antenna element made from two FF-PIR insulator sheets with a signal amplifier element between them. Enables mobile phone signals to penetrate wall structures 30-100 times more effectively without electricity. CE certified, M1 indoor air quality rated. Elements measure 200x1200mm or 300x1200mm covering approximately 30-40 square meters each. Sold to building owners and developers seeking in-building cellular coverage.
• FF-FRAME Auxiliary Frame Profiles Auxiliary frame profiles manufactured using recycled by-product from FF-PIR insulation production (containing up to 90% recycled material). Used to frame and insulate window openings on exterior walls for window installation. Sold to construction contractors and window installers.

Quantifiable outcome

• 30% reduction in concrete usage for slab foundations
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• BrightplusflagshipStrategic or Co-development Partner · 1 January 2021Collaboration on developing world-first process for producing compostable bioplastic from soy molasses (by-product from food and feed production). Four-year research project partially funded by Business Finland, with pilot plant construction in Uusikaupunki adjacent to Nordic Soya facility.
• VTT Technical Research Centre of FinlandflagshipStrategic or Co-development Partner · 1 January 2021Research partner in bioplastic development project using soy processing by-products. VTT contributing technical expertise to develop bio-based materials for thermal insulation production.
• Nordic SoyacoreStrategic or Co-development Partner · 1 January 2021Largest soybean processing facility in Europe, providing soy molasses raw material and site location for pilot bioplastic plant in Uusikaupunki.
• FF-FuturecoreStrategic or Co-development Partner · 1 January 2021Finnfoam Oy split into two companies in 2021, with FF-Future focusing on solutions of the future including biomaterials and bioplastic production. Pilot plant project is first large-scale investment by FF-Future.
• StealthCase OycoreStrategic or Co-development Partner · 1 January 2017Co-development partnership for FF-SIGNAL passive signal amplifier technology. StealthCase contributed signal amplifier expertise while Finnfoam provided insulation manufacturing capabilities.
• PET Plastic Waste RecyclerscoreTechnology or Integration · 1 January 2014Supplier partnerships where process waste consisting of PET plastic, which is difficult to reutilize, is refined into polyol for FF-PIR insulation production. Enables circular economy approach.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Kingspan Group: Global leader in high-performance insulation boards and insulated panels, including PIR and rigid foam systems directly comparable to Finnfoam's FF-PIR portfolio. Kingspan is a much larger, publicly listed incumbent with overlapping building-envelope and roofing product lines and similar specification channels.
• BASF (Styrodur / Neopor): BASF produces Styrodur (XPS) and Neopor (graphite-enhanced EPS), the two large-scale resin and panel technologies that most directly substitute for FINNFOAM and FF-EPS. As a global chemical major, BASF supplies both raw materials and finished insulation competing with Finnfoam.
• URSA: Major European insulation producer (mineral wool and XPS/PIR) owned by Xella, serving residential, commercial, and HVAC markets across Southern and Eastern Europe. Overlaps with Finnfoam in PIR/XPS rigid foam and broader thermal envelope specification.
• Rockwool: Global leader in stone wool insulation with growing activity in high-performance facade and roofing systems. Competes for building-envelope specifications in the same European markets as Finnfoam but with a different material substrate.

Direct peers

• Recticel: European manufacturer of PIR and polyurethane rigid foam insulation panels, acoustic and comfort foams. Recticel's rigid foam and construction segments compete head-to-head with Finnfoam's FF-PIR and FF-EPS offerings across Northern and Central Europe.
• Jackon: Norwegian-founded manufacturer of XPS and EPS insulation, foundation elements, and construction systems with strong Nordic and Northern European presence. Closest regional direct competitor to Finnfoam's FINNFOAM and FF-FLOOR product families in the Nordics.
• Sundolitt: Nordic EPS and XPS insulation manufacturer serving construction, infrastructure, and packaging markets in Norway, Sweden, Denmark, and the Baltics. Direct regional peer to Finnfoam's FF-EPS and FINNFOAM lines across overlapping geographies.
• Unilin Insulation: European manufacturer of PIR, PUR, and XPS insulation panels under brands including Xtralite and Utherm. Competes directly with Finnfoam in panel-format rigid insulation for residential and commercial construction across Western and Northern Europe.

Emerging players

• Steico: European manufacturer of wood-fiber and bio-based insulation boards for walls, roofs, and floors. Competes in renovation and low-energy building segments where Finnfoam's FF-EPS and supplementary FF-PIR solutions are also specified, often on sustainability grounds.

Regional players

• Austrotherm: Austrian-based XPS and EPS insulation manufacturer with strong presence in Central and Eastern Europe. Regional peer to Finnfoam in markets such as Poland and the Baltics, with overlapping foundation, wall, and roof product ranges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/finnfoam

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finnfoam