Kingspan buys UK subsidiary of rival warning of Brexit slowdown

Building insulation specialist Kingspan has agreed a £37.5m (€42m) aquisition in the UK despite Brexit uncertainty leading to a slowdown in that market.

The Cavan-based group is buying a business called Building Solutions from its UK counterpart SIG, which has announced a sale of non-core assets after warning of significantly lower profits due to a weakening economic outlook in the UK and Germany.