Kingspan confirms talks with insulation group

Kingspan has confirmed it is in talks with the owners of the Hytherm/Xtratherm Group regarding the ISEQ-listed company’s potential acquisition of the group.

Hytherm/Xtratherm is an Irish and UK-based manufacturer of rigid insulation board.

Discussions are ongoing with a proposed consideration in the region of €85m. However, Kingspan stresses there is no certainty that these discussions will lead to a successful conclusion, and any final agreement with the owners would be subject to the approval of the Competition Authority.