Announced
Completed
Financials
Tags
silencing materials
Acquisition
Building: Climate Control
insulation materials
Friendly
Private
Belgium
Failed
Single Bidder
Synopsis
Kingspan Group, the Irish insulation company, failed to acquire the insulation and flexible foams units of Belgium’s Recticel, manufacturer and transformer of polyurethane chemicals, for €700m ($790m). Recticel rejected the €700m ($779m) bid for its two main businesses but said it was open to a takeover at the right price after it disclosed that Kingspan had approached it with a possible offer for the entire group. Kingspan ended discussions with Recticel over a proposal for its Belgian rival's foam and insulation units and has no plans to reengage.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.