The Irish-based listed construction materials multinational Kingspan has announced the acquisition of Ashbourne, Co Meath-headquartered BMC Manufacturing for up to €900 million. The initial consideration for all shares in the BMC group will be €850 million on a debt-free, cash-free basis, to be paid with €600 million in cash and €250 million in new Kingspan shares. A further payment of €50 million is on the table depending on BMC meeting targets after it integrates its electrical engineering business into Kingspan’s existing Tate data-centre materials supply brand. In a statement, Kingspan said BMC’s 2026 forecast revenue was €280 million – a…
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