Kingspan buys Finnish materials firm for €20m

Co Cavan-based specialist building materials group Kingspan has strengthened its Nordic presence with the acquisition of a subsidiary of Finnish materials business Paroc Group for a sum believed to be around €20m.

Kingspan did not formally announce the deal, but Paroc confirmed the sale, saying it supports its focus on building and technical insulation.

Paroc is headquartered in Helsinki and has facilities in Sweden, Norway, Denmark and Germany.