Kingspan gets court backing in Tate flooring row

A US court has upheld an arbitration award of $40.7m (€33.2m) made to building materials group Kingspan last year in relation to the company's purchase of a flooring company.

Kingspan paid $120m (€97.8m) January 2001 for Tate Access Floors, but then found that key contracts did not materialise.