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News Kingspan makes offer to buy Recticel’s insulation business

Kingspan makes offer to buy Recticel’s insulation business

Written by Global Insulation staff
17 April 2019
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Belgium: Recticel says that Kingspan Group has made a non-binding offer to buy its insulation division and flexible foams division for Euro700m. Kingspan says it has entered into a back-to-back agreement with an unnamed third party for the disposal of all of the flexible foams business. Recticel’s board of directors will analyse the proposal in line with its fiduciary duty and update the market. Any purchase would be subject to regulatory approval.

Published in Global Insulation News
Tagged under
  • Belgium
  • Kingspan
  • Acquisition
  • offer
  • Recticel
  • Ireland

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