Kingspan Acquistion of Logstor for €253m

INSULATION AND BUILDING ENVELOPE supplier Kingspan has entered into an agreement with Langley Co-Invest for a €253 million acquisition of Logstor.

Logstor, a supplier of technical insulation solutions including pre-insulated pipe systems, supplies markets across Scandinavia, Germany, Netherlands, Poland and France. The Denmark headquartered business also operates in other European countries as well as North America, and the Middle East.

Kingspan Acquisition

“The acquisition of Logstor marks an important step for Kingspan, as part of our strategy to develop our technical insulation proposition as a complementary business to core building insulation,” Kingspan said.

“The existing management team will be retained in the business, and will continue to manage and develop the business under the Logstor brand,” it added.

The acquisition was conditional on regulatory clearance, and is expected to complete around the middle of 2021.