Kingspan Group completed the acquisition of Troldtekt.

Kingspan Group, a manufacturer of building materials, completed the acquisition of Troldtekt, a wood wool-based acoustic panels manufacturer. Financial terms were not disclosed. "Right from the beginning, we have had a good dialogue with Kingspan, and we have only been further reassured, that there is a strategic match between our companies. Our ambition was to find the right owner, who has the insight and values to develop Troldtekt – also as a manufacturing company. And at the same time an owner, who shares Troldtekt’s ambitions on growth through a focus on sustainability. Both aspects are fully fulfilled with Kingspan," Kurt Bering Sørensen, Troldtekt Chairman.