Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
August 18, 2014 12:00 AM

Kingspan to acquire Pactiv's US insulation business

Jane Denny
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Kingscourt, Ireland -- Polyurethane insulated panel maker Kingspan has announced its acquisition of the Building Insulation Division of Pactiv.

    Kingspan entered into an agreement with Pactiv to acquire the US building insulation business of Pactiv, which produces insulation products under the GreenGuard brand.

    According to Kingspan's press release, Pactiv's sales amounted to $84m (EUR112m) in the first half of 2014 with the company's  EBITDA (Earnings before interest tax, depreciation and amortisation) was $12.9m.

    The press release stated: "The enterprise value is US$82m, of which $72m is payable in cash on completion plus $10m of working capital. Gross assets being acquired are $30m. The agreement is subject to local approval of licence and permit transfers.

    Kingspan ceo Gene Murtagh said: "This investment represents a new and exciting frontier for our insulation business in North America, giving us particular exposure to the residential sector.

    "It is a tremendous opportunity for Kingspan to build upon the growing success of our existing Insulated Panel business throughout the region, and at a time when North America's focus on energy-efficiency and security is at an all-time high," he added.

    The acquisition will be funded from Kingspan's existing cash resources.

    XE Currency conversion: 18 August, 2014

     

     

    Xe Currency conversion: August

    Recommended for You
    UTECH Awards 2024 nominations open
    UTECH Europe 2024 – Polyurethane Awards open for entries
    corn maize 800
    BASF deal with Qore secures supply of raw material for biobased TPU
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Latest Issue
    urethanes technology
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe