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BRIEF-Kingspan buys majority stake in Brazil's Isoeste
September 27, 2017 / 6:16 AM / 3 months ago

BRIEF-Kingspan buys majority stake in Brazil's Isoeste

Sept 27 (Reuters) - Kingspan Group Plc

* Announces acquisition in Brazil.

* Buys 51 percent of Isoeste Construtivos Isotérmicos SA. Company has forecast sales for 2017 of circa R$500m (134 million euros).

* Isoeste is the leading insulated panel manufacturer in Brazil, operating from four sites with approximately 630 employees.

* Price not disclosed. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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