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Kingspan completes acquisition of French roofing giant

Sep 27, 2022 16:18
By News Northern Sound
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Kingspan completes acquisition of French roofing giant
IMAGE CREDIT: Google Images

The total consideration for Ondura was put at €550 million, with the existing management teams being retained.

Kingspan has completed its acquisition of French roofing provider Ondura Group.

The Kingscourt-based insulation giant announced the move in February when it signed an exclusive put option agreement.

The total consideration for Ondura was put at €550 million, with the existing management teams being retained.

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The acquisition is estimated to increase Kingspan's earnings by 7 per cent on a full year basis, with the company saying earlier this year that the move is aligned with its strategy to develop multiple technologies in roofing applications.

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