Belfast Telegraph

Kingspan snaps up Dutch firm

By John Mulligan

Cavan-based insulation giant Kingspan has acquired a Dutch company that specialises in large-scale glazing and ventilation and fire safety systems.

Kingspan, which lends its name to Ulster Rugby's Ravenill home and has major operations in Portadown, bought Brakel from European investment company Gimv, as well as Brakel management.

Brakel is thought to have revenues of more than €70m (£62m) and employs about 350 people.

Its clients have included companies such as steel manufacturing group Arcelor Mittal and the Dutch national arts and history museum in Amsterdam.

The price paid by Kingspan has not been revealed.

Brakel has offices in Belgium and the UK, and an additional production facility in Slovakia.

The acquisition by Kingspan reflects an expansion of its light and air division.

Belfast Telegraph

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