PFB Corporation

What PFB Corporation does

PFB Corporation is a Calgary-based manufacturer of expanded polystyrene (EPS) insulation products serving the North American residential, commercial, geotechnical, and marine construction markets. Founded in 1968, PFB operated as a TSX-listed public company (ticker PFB) before being taken private by The Riverside Company in December 2021 and subsequently sold to Carlisle Companies Incorporated (NYSE: CSL) in October 2024 for $260 million. The company is the only vertically integrated EPS manufacturer in North America, controlling production from raw materials to finished goods across nine strategically located manufacturing facilities in Canada and the United States.

PFB's product portfolio is organized under two principal sub-brands: Plasti-Fab and Insulspan. Plasti-Fab produces EPS insulation (PlastiSpan, DuroFoam, DuroSpan, EnerGreen, EnerSpan), geotechnical products (GeoSpec, GeoVoid), specialty offerings (RadonGuard), and the patented Advantage ICF System for insulating concrete forms. Insulspan manufactures Structural Insulated Panels (SIPs) — solid, one-piece pre-cut panels with EPS laminated between oriented strand board — marketed as the only SIPs in North America produced under ISO 9000 certification with both U.S. and Canadian code listings. Applications span wall, floor, and roof systems for energy-efficient buildings, with documented support for Net Zero Energy, LEED, and Built Green certification programs.

PFB generates revenue through B2B hardware sales of physical insulation and building envelope components. Go-to-market is sales-led, distributing products through building supply retailers, construction specialty distributors, and direct sales to contractors. The company reports approximately 325 employees across its Plasti-Fab operations in nine North American locations, with no public pricing model disclosed. Distribution is regional rather than global, with North America as the sole operating geography. Sustainability positioning is central to corporate identity, evidenced by GREENGUARD certification, LEED-aligned product design, annual sustainability reporting, and a 400-tonne-per-year EPS waste diversion figure.

Name

PFB Corporation

Legal name

PFB Corporation

Website

https://pfbcorp.com

Company type

Private

Founded year

1968

Operating status

Acquired

Headcount range

251–500 employees

Short description

PFB Corporation is a Calgary-based, vertically integrated manufacturer of expanded polystyrene insulation products serving the North American residential, commercial, geotechnical, and marine construction markets through its Plasti-Fab and Insulspan brands.

Ownership category

akta.pro rank

Product category

Building Insulation Materials

NAICS

Polystyrene Foam Product Manufacturing (32614), Polystyrene Foam Product Manufacturing (326140)

SIC

Plastics Foam Products (3086), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

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

akta.pro secondary industries

Expanded Polystyrene (EPS) Foam Manufacturing (IMANAIAA), Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE), Styrenics (PS, EPS, ABS, SAN) (IMAEANAC), Polymer Foams & Cellular Materials (PU Foams, EPS/XPS, Structural Foams) (IMAEANAL)

Keywords

• Expanded polystyrene insulation
• Building insulation materials
• Structural insulated panels
• Insulated concrete forms
• EPS foam manufacturing

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EPS Insulation Products: Manufacturing and sale of expanded polystyrene insulation products for residential and commercial construction, including wall, floor, and roof insulation solutions.
2. Insulating Concrete Forms (ICFs): Production and sale of Advantage ICF System for energy efficient building construction.
3. Structural Insulated Panels (SIPs): Manufacturing and sale of Insulspan SIP systems for wall, floor, and roof applications in residential and commercial buildings.
4. Geotechnical Products: EPS products for geotechnical applications including lightweight fill, compressible fill, and marine flotation solutions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PFB Corporation manufactures and sells expanded polystyrene (EPS) insulation products, structural insulated panels, and insulated concrete forms used in residential, commercial, and infrastructure construction across North America. Its products are marketed under two principal brands — Plasti-Fab (EPS insulation boards, geotechnical EPS products, and the Advantage ICF System) and Insulspan (structural insulated panels). The company sells primarily to building supply dealers, distributors, and contractors.

Product overview

PFB Corporation is a vertically integrated manufacturer of expanded polystyrene (EPS) foam products for the building and construction industry. The company's product portfolio centers on two primary sub-brands: Plasti-Fab, which offers a comprehensive range of EPS solutions including insulation (PlastiSpan®, DuroFoam®, DuroSpan®, EnerGreen®, EnerSpan™), geotechnical products (GeoSpec®, GeoVoid®), specialty products (RadonGuard™), and insulating concrete forms (Advantage ICF System®); and Insulspan, which provides structural insulated panel (SIP) systems for residential and commercial building envelopes. All products support Net Zero Energy (NZE), LEED certification, and Built Green programs.

Differentiator

Problem solved

Functional benefit

Products and services

• PlastiSpan EPS Insulation

Quantifiable outcome

• EPS waste diverted from landfills: 400 tonnes per year
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and notable.

• Ownership WorkscoreStrategic or Co-development Partner · 1 March 2024PFB Corporation launched its Ownership Works program in March 2024, participating in an association of PE firms targeting equity payouts of up to six months' annual pay for workers upon exit. PFB workers received approximately 3.5 months of pay ($9 million total) after just 10 months when the company was sold.
• BASFnotableStrategic or Co-development PartnerBASF chose Insulspan SIPs for its 'Home, Sweet Hybrid Home' Net Zero Energy House project, demonstrating the quality and energy efficiency of PFB's products in a pioneering sustainable building project.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Kingspan Group: Global leader in high-performance insulation and building envelope solutions, including insulated panels (Kingspan Insulated Panels) and rigid foam insulation. Broader portfolio with significant overlap to PFB/Insulspan SIPs and Plasti-Fab insulation, but operates globally with significantly greater scale.
• Owens Corning: Global building materials leader producing fiberglass and foam insulation, roofing, and composites under brands like Foamular (XPS) and Thermafiber. Competes broadly with PFB in building envelope insulation, though diversified across multiple material chemistries rather than specializing in EPS.
• Johns Manville (Berkshire Hathaway): Manufacturer of building insulation, roofing systems, and engineered products, including polyiso insulation boards that compete directly with PFB's EPS insulation in commercial roofing and wall applications. Diversified incumbent with overlapping building envelope portfolio.

Direct peers

• Benchmark Foam Inc. U.S.-based manufacturer of expanded polystyrene (EPS) insulation, geofoam, and architectural shapes serving residential, commercial, and infrastructure markets. Closely comparable EPS product range and customer segments to PFB's Plasti-Fab offerings.
• ACH Foam Technologies: One of the largest U.S. manufacturers of expanded polystyrene (EPS) foam products for insulation, packaging, and geotechnical applications. Directly competes with PFB's Plasti-Fab across EPS insulation, ICFs, and geofoam product lines in the North American construction market.
• Atlas Molded Products: A division of Atlas Roofing Corporation manufacturing EPS insulation and geofoam products for construction, geotechnical, and packaging uses. Directly overlaps with PFB's PlastiSpan, GeoSpec, and GeoVoid product lines and shares the same B2B distribution channels.
• Insulfoam: Carlisle Companies' own EPS insulation brand serving residential, commercial, and geotechnical applications across North America. Directly comparable product portfolio and target market to PFB's Plasti-Fab; now a sister brand following Carlisle's October 2024 acquisition of PFB.
• Styrotech (Carpenter Co.): Specialty EPS rigid foam insulation brand owned by Carpenter Co., producing insulation boards, geofoam, and architectural foam. Direct competitor in EPS insulation for building envelopes and geotechnical fill, comparable to PFB's PlastiSpan and DuroFoam product lines.
• Foam Products Corporation: Manufacturer of expanded polystyrene (EPS) and other foam products for packaging, insulation, and construction applications. Competes with PFB's Plasti-Fab across industrial and construction EPS product categories in the North American market.

Others

• BASF: Global chemical company and PFB's strategic partner on the BASF 'Home, Sweet Hybrid Home' Net Zero Energy House project. While BASF supplies polymer/chemical inputs to the broader EPS industry rather than competing downstream, it represents an upstream and ecosystem connection to PFB's Neopor/graphite-enhanced EPS formulations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about PFB Corporation