Kingspan Group, the world’s largest manufacturer of rigid phenolic, PIR and vacuum panel insulation materials, has acquired Finnish PIR insulation manufacturer, SPU, as part of a program of expansion and to extend the markets for its existing brands.
Kingspan’s insulation division has enjoyed consistent and substantial growth over the past decade, helped by a continuous program of investment in market development, manufacturing capability and customer service together with astute acquisitions. SPU produces a comprehensive range of PIR insulation products, and is well established in the Nordic and Baltic states.
Peter Wilson, Managing Director of Kingspan Insulation said of the move “We are delighted to welcome SPU into the Kingspan fold. We are looking forward to offering the Nordic and Baltic markets some of the best insulation products available in the global construction industry, providing cutting edge technology aimed at helping to beat global warming.”
The acquisition will allow an exceptional and unparalleled range of products and expertise to be offered to the northern European market.