Global Insulation
Precision is no coincidence! More than 40 years - precise measured values - Fagus GreCon
  • Home
  • News
  • Conferences
  • Directory
  • Magazine
  • Knowledge Base
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News Kingspan to buy insulation companies in Spain and Poland

Kingspan to buy insulation companies in Spain and Poland

Written by Global Insulation staff
18 December 2017
  • Print
  • Email

Poland/Spain: Kingspan Group plans to buy Spain’s Synthesia group and Poland’s Balex Metal. Although no exact figure has been released, Kingspan has agreed to spend Euro620m on ten acquisitions, including Synthesia and Balex, so far in 2017.

"These latest acquisitions mark a significant strategic step forward for Kingspan. They are a perfect fit for our existing businesses and geographic footprint, and in addition provide a technology platform that will complement our on-going innovation pipeline and the development of next generation insulation," said Gene Murtagh, chief executive officer (CEO) of Kingspan.

Kingspan’s acquisition of Synthesia includes its Huurre and Poliuretanos businesses that produce insulation products in Spain, Portugal and in Central and South America. The deal includes a technology platform for blended chemical systems similar to those used throughout the wider Kingspan Group. Synthesia is headquartered near Barcelona, with eight manufacturing facilities across Northern Spain and Panama and approximately 575 employees across all businesses. The acquisition agreement is conditional on regulatory clearance, and is expected to complete during the first quarter of 2018.

Kingspan has also agreed to acquire Balex Metal, a Polish insulation producer. The Balex acquisition is conditional on regulatory clearance, and is expected to complete towards the end of the first quarter of 2018.

Last modified on 25 January 2018
Published in Global Insulation News
Tagged under
  • Poland
  • Kingspan
  • Spain
  • Ireland
  • Acquisition
  • Synthesia
  • Balex Metal
  • GGM39

Related items

  • Energystore launches Spacebead aerogel-based injected insulation
  • Russia raises mineral wool imports in first quarter of 2025
  • BBVA to finance residential renovations
  • Unilin to build PIR insulation board plant in Poland
  • Kingspan breaks ground on Lviv building materials complex
Global Gypsum Monthly Sign up
Global Insulation LinkedIn
Global Insulation X
Acquisition appointment Belgium China CO2 Denmark France Germany Glass Wool government Insulation Ireland Johns Manville Kingspan Knauf Knauf Insulation Mineral Wool Owens Corning Plant Polyurethane Product Results Rockwool Russia SaintGobain Stone wool insulation Sustainability UK Upgrade US
« May 2025 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
  • Home
  • News
  • Conferences
  • Directory
  • Magazine
  • Knowledge Base
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Introduction
  • Back issues
  • Articles
  • Conferences >>
  • Global CemBoards
  • Global CemCCUS
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Websites >>
  • Global Cement
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Pro Global Media
  • PRoIDS Online

© 2025 Pro Global Media Ltd. All rights reserved