Kingspan is intent on making further large-scale acquisitions in Europe and north America this year, with the company capable of absorbing takeover costs of over €300m.

Building materials group Kingspan has made a strong start to 2013, despite seeing persistent weakness in many of its markets.

Kingspan has reported a strong set of first-half results — including a 23% year-on-year increase in pre-tax profits — but said it remains cautious in terms of full-year outlook.

Building insulation specialist Kingspan has entered into agreements to buy two firms for a combined price of nearly €100m