Kingspan’s acquires firm in €109m deal

Kingspan has acquired the building products division of Canadian group Vicwest for Can$154.4m (€109.4m).

The acquisition comprises three insulated panel manufacturing plants and a number of profiling facilities across Canada and the US. It will further strengthen the Cavan-headquartered building insulation specialist’s presence in North America, a key market for the group.

The deal is reliant on regulatory approval and the go-ahead from Vicwest’s shareholders, but is expected to conclude during the first quarter of 2015.