Kingspan announces completion of the acquisition of ThyssenKrupp Construction Group and Rigidal Industries LLC
CAVAN-based Irish insulation group Kingspan has finalsed two acquisitions at a cost of almost €100m.
Further to its announcement on 10 August 2012, Kingspan, the global leader in high performance insulation and building envelope systems, announced that following receipt of local regulatory approvals it yesterday completed the acquisition of the various companies which comprise ThyssenKrupp Construction Group.
That doubles the Cavan company’s annual panels sales on mainland Europe to over €600m.
In addition, Kingspan also announces completion last week of the acquisition of Rigidal Industries LLC.
There are no material changes to the terms of the transactions as originally announced.
Kingspan has also completed the $38.6m (€30.1m) purchase of Dubai-based insulation maker Rigidal Industries. That marks Kingspan’s first purchase in the Middle East