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SIG To Sell Building Solutions To Kingspan Group
INTERVIEW-Clouds on the horizon as Brexit weighs- Kingspan CEO
Kingspan half year revenue up 12% to 2.24 billion euro
Kingspan Group plc is a holding company. The Company is engaged in insulation and building envelope solutions. Its principal activities comprise the manufacture and distribution of various product suites, including insulated panels, structural framing, architectural facades, rigid insulation boards, building services insulation, engineered timber systems, natural daylighting, ventilation and smoke management solutions, raised access floors and datacenter storage solutions. Its segments include insulated panels, including the manufacture of insulated panels, structural framing and metal facades; insulation boards, including the manufacture of rigid insulation boards, building services insulation and engineered timber systems; environmental, including the manufacture of energy storage solutions, water and microwind systems and all related service activities, and access floors, including the manufacture of raised access floors and datacenter storage solutions.
Constr. - Supplies & Fixtures
Dublin Road, Co. Cavan
Gene M. Murtagh
Group Chief Executive Officer, Executive Director
Geoff P. Doherty
Group Chief Financial Officer, Executive Director
President of Kingspan’s Insulated Panels Business in Americas as well as Kingspan’s Global Data & Flooring Technology Business, Executive Director
Managing Director - Group’s Insulated Panels Businesses in the UK, Ireland, Western Europe and Australia, Executive Director
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Irish insulation company Kingspan has made a 700 million euro ($789.95 million) offer for the insulation and flexible foams units of Belgium's Recticel, it said on Tuesday.
Irish insulation company Kingspan Group Plc on Tuesday offered to buy the insulation and flexible foams units of Belgium's Recticel for 700 million euros ($789.95 million).
Kingspan Group Plc CEO Gene Murtagh:
* KINGSPAN - FY REVENUE INCREASES 18 PERCENT TO 3.7 BILLION EUR, UP 20 PERCENT PRE-CURRENCY
* Buys 51 percent of Isoeste Construtivos Isotérmicos SA. Company has forecast sales for 2017 of circa R$500m (134 million euros).
* Has completed a new eur 500m committed revolving credit facility
* Good start to the year, Q1 sales up 24 percent y/y to 831.2 million eur (+14 percent pre currency and acquisitions)
* Sales in the third quarter were up 5 percent (+10 percent pre-currency).
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.