Shares in Kingspan fell 3% as the building materials group ruled out resurrecting its €700m bid for Belgian firm Recticel’s insulation division.

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

Shares in specialist building materials group Kingspan rose almost 3% as it said it had offered €700m for the insulation division of Belgian mattress firm Recticel.

Business group, environmental body, and sports organisations get behind plan to fight the threat

Building material group, Kingspan, has partnered with a foundation that removes plastic from the ocean and plans to reuse as much of the plastic recovered as it can in the production of insulation products.

Kingspan shares rose by as much as 4% despite the company noting a “sluggish” first quarter.

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.

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”.

Kingspan has identified Latin America as the likely next step in its ongoing geographical expansion, with a presence in both Brazil and Mexico likely to be taken over the next few years.

Kingspan has taken “a quantum leap” in its global expansion plans by acquiring Belgian specialist building materials firm Joris Ide for an estimated €315m.

Kingspan has acquired the building products division of Canadian group Vicwest for Can$154.4m (€109.4m).

Kingspan is looking to double its revenue contribution from North America in the next five years.

Building provider Kingspan has seen revenue increase by 4% to €889.3m in the first six months of the year.

Shares in Kingspan jumped more than 3% yesterday on the back of the Cavan-based building materials group spending over €60m on a strategic acquisition in the US.

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

Executive pay levels at building materials group Kingspan jumped by nearly 11% last year.

Shares in insulation products specialist Kingspan jumped by over 3% yesterday after the company published annual results beating both analyst and its own expectations.

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.

Specialist building materials group Kingspan has hinted at a recovery in the construction sector, with double-digit percentage growth evident in its Irish operations during the first six months of the year.

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

Kingspan cut its combined executive pay levels by nearly 30% last year, according to its newly published annual report.

Kingspan is hopeful of another decent performance this year, despite management anticipating a potentially tricky first half.

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.

Insulation company Kingspan have announced that it has entered into an agreement with ThyssenKrupp Steel Europe AG to acquire 100% of the share capital of various companies which comprise ThyssenKrupp Construction Group, the leading European insulated panels business.

Cavan-headquartered building insulation specialist Kingspan has said that it is likely to deliver single-digit percentage sales growth for the first half of this year, despite uncertain market conditions.

The Cavan-headquartered building materials group Kingspan paid its executive directors a combined €9.4m last year — nearly €4m more than in 2010.

Over the last two weeks three Irish companies — Glanbia, Kerry Group and Kingspan — have stated they intend to retain their primary stock market listing in Dublin.

Kingspan’s product development pipeline is set to drive growth, said group chief executive Gene Murtagh

CAVAN-headquartered building materials group, Kingspan is considering sizing up a €300 million-plus acquisition in Germany, in a bid to expand in the country which accounts for nearly 10% of its annual revenues.

KINGSPAN has identified the emerging economies of Brazil and Russia as medium-term expansion targets.

Construction products firm Kingspan has posted after tax profits of €29.2m for the firs six months of the year, up 37% from the €21.3m profits reported for the same period last year.

KINGSPAN, a supplier of insulated panels and other products to the construction industry, has boosted turnover for the first time in three years.

Building materials group Kingspan has seen its first growth in three years as it revealed that its sales for the year to the end of December climbed by 6% to €1.19bn.

KINGSPAN has acquired the European insulation business of fellow Irish building materials giant, CRH, for approximately €120 million, in a deal the company is viewing as key to strengthening its foothold on the continent.

Kingspan has today announced that it has agreed to acquire 100% of the shares and assets of CRH Insulation Europe (CIE), subject to statutory approval.

KINGSPAN has reported its first increase in operating profit for three years, as part of a set of interim results which comfortably outshone market expectations.

Builders suppliers Kingspan has said its half-year operating profit grew for the first time in three years to the end of June, up 9% to €33.1m, and said it would resume paying dividends to shareholders.

THE results of building insulation manufacturer Kingspan for 2009 reveal the company has been hard hit by the construction downturn.