Insulation group’s £102m takeover of CRH Insulation Europe given green light in Germany, Holland and Ireland
Kingspan Insulation moved a step closer to completing its £102m acquisition of CRH Inslulation Europe after German, Dutch and Irish competition authorities approved the deal.
In a statement to the City this morning the manufacturer said the relevant work councils had also approved the deal.
Kingspan is awaiting the outcome of an OFT investigation before the acquisition can be fully completed.
The deal to buy the insulation division of European manufacturer CRH was announced in November.