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…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and unlock full access to The Currency and The Wall Street Journal for just €200 – two premium memberships, one subscription.