Kingspan buys CRH Insulation Europe

KINGSPAN has acquired the European insulation business of fellow Irish building materials giant, CRH, for approximately €120 million, in a deal the company is viewing as key to strengthening its foothold on the continent.

CRH put this business — CRH Insulation Europe (CIE) — up for sale earlier this year along with its European climate control business.

By snapping up CIE, Kingspan will be substantially increasing its presence in the insulation products sector across Western Europe, where it already has a production facility in Holland.