Kingspan Brazilian deal likely to be first of many

Kingspan is expected to use its long-awaited entry to the Brazilian market as a foundation for furthering its aim of establishing a significant presence in the Latin American region.

The Cavan-headquartered specialist building materials group has long since identified Brazil as a key growth market and, yesterday, announced the purchase of a 51% stake in the country’s leading manufacturer of insulated panels, Isoeste Constructivos Isotérmicos, for an undisclosed sum.

Kingspan made its first South American acquisition — a 51% stake in Colombian insulated panel manufacturer Panelmet — in April of this year and followed it up with the opening of a manufacturing plant in Mexico.