Kingspan is not expected to make a revised offer for Belgian company Recticel despite the latter being open to a higher offer.

Specialist building products company Kingspan is eyeing more acquisitions in mainland Europe and could spend up to €600m on purchases this year.

Specialist building products company Kingspan expects profits for this year to jump by around 15%, despite global uncertainties.

Shares in Kingspan, the Co Cavan-based international building products firm best known for its insulation board, have leaped

Kingspan chief executive Gene Murtagh’s total pay packet fell by more than 19% last year, the specialist building materials group’s latest annual report shows.

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.

Cavan-headquartered specialist building materials group Kingspan is “ready to do something big” on the acquisition front, its chief executive Gene Murtagh said yesterday.

Kingspan is eyeing more European and north American acquisitions as it seeks further growth on the back of a year of record revenues.

Building products group Kingspan has ramped up investment in its UK operations, via further acquisition, despite seeing an easing of business in the run-up to the June 23 Brexit vote.

Investors in the Irish stock market should favour Irish firms that have less exposure to the UK — until the outcome of the British referendum on membership of the EU is known, Merrion Capital has said in a major report.

Specialist building materials provider Kingspan has delivered a significantly better-than-expected full-year forecast, suggesting its 2015 profits should increase by nearly 70%, despite global economic confidence wavering.

Analysts are anticipating a near €100m jump in annual trading profits for Kingspan, this year, following what the company itself called “an exceptionally strong start to the year”.

Challenger companies are businesses that disrupt existing markets and dare to compete with much larger, incumbent organisations. 

Kingspan has continued its early year acquisition activity by taking full control of the industrial insulation products joint-venture it shares with Belgian group, Recticel.

Kingspan has up to €500m available to spend on acquisitions and maintains it has the appetite for several deals.

New building regulations set to come into force in April fuelled hopes for another positive year at construction supplies group Kingspan today.

ISEQ-listed construction company Kingspan says it achieved strong revenue growth in the first half of 2005, which continued through the second half.