Kingspan has €500m to fund acquisitions

Kingspan has up to €500m available to spend on acquisitions and maintains it has the appetite for several deals.

Speaking after the company’s AGM in Dublin, yesterday, chief executive Gene Murtagh said that management has held discussions with four or five potential acquisition targets, and wants to grow its presence in places like Brazil, North America and mainland Europe.

While nothing is thought to be imminent, the company has previously talked of the intention to make further large-scale buys this year.