Kingspan Group plc Announces Completion of the Acquisition of a Majority Stake in Steico SE

Further to its announcements on 17 July 2023 (RNS No. 2908G) and 17 November 2023 (RNS No. 8832T) Kingspan, the global leader in high-performance insulation and building envelope solutions, is pleased to announce that it has today completed the acquisition of a majority stake (c. 51%) in Steico SE from Schramek GmbH. 

Arising from the transaction, Kingspan has issued 1,004,960 shares to Schramek GmbH.

There are no significant matters or changes which would require to be announced in accordance with Listing Rule 10.4.2.

About Kingspan

Kingspan is an Ireland-based building materials company with headquarters in Kingscourt, Ireland. The company was founded in the 1960’s by Eugene Murtagh who is also the largest shareholder of the company. Kingspan has been listed on the Irish Stock Exchange since 1989.

Kingspan operates through five divisions: Insulated Panels, Insulation, Light, Air & Water, Data & Flooring and Roofing & Waterproofing. In 2022, total sales amounted to approximately EUR 8.3 billion with an EBITDA close to EUR 1 billion. For more information, visit www.kingspangroup.com.

Contact:

Lorcan Dowd – Company Secretary – + 353 (0)42 9698000