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News Kingspan buys majority stake in Isoeste

Kingspan buys majority stake in Isoeste

Written by Global Insulation staff
27 September 2017
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Brazil: Kingspan has acquired a 51% stake of Isoeste Construtivos Isotérmicos (Isoeste). Isoeste, an insulated panel manufacturer, operates from four production sites with approximately 630 employees. No amount for the transaction has been disclosed.

"We are delighted to create this partnership with the founders of Isoeste, the number one player in Brazil's insulated panels market. Together with our recent investments in Colombia and Mexico, this acquisition firmly places Kingspan in a market leading position across Latin America, with a strong platform for further expansion in the region," said Gene Murtagh, Kingspan’s chief executive officer (CEO).

Last modified on 16 October 2017
Published in Global Insulation News
Tagged under
  • Brazil
  • Kingspan
  • Acquisition
  • stake
  • Isoeste
  • panel
  • GGM37

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