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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kingspan Group Plc | LSE:KGP | London | Ordinary Share | IE0004927939 | ORD EUR0.13 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 72.80 | 72.50 | 73.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2021 to Apr 2024
TIDMKGP
RNS Number : 0677C
Kingspan Group PLC
18 February 2022
Kingspan Group plc
Acquisition of Ondura
Inside Information
18 February 2022
Kingspan, the global leader in high-performance insulation and building envelope solutions, is pleased to announce that it signed an exclusive put option agreement yesterday to acquire Ondura Group ('Ondura') from Naxicap Capital Partners and others.
Ondura, comprising Onduline SAS, Alwitra Holding, CB SA and their subsidiaries, is a leading global provider of roofing membranes and associated roofing solutions headquartered in France, with 14 manufacturing sites and a distribution network in 100 countries worldwide. In the 12 months to 31 December 2021 Ondura had un-audited consolidated revenues of EUR424m with EBITDA of EUR63m, and Trading Profit of EUR55m. Gross assets as at 31 December 2020 were EUR387m.
The total consideration for the businesses will be EUR550m (debt free, cash free) payable in cash on completion. Signing of the share purchase agreement is subject to standard French employee procedure and the customary regulatory clearances, and is expected to complete in the second half of 2022. The existing Ondura management teams will be retained in the businesses.
The acquisition of Ondura is expected to increase Kingspan Group EBITDA by approximately 7% on a full year basis. The acquisition is fully aligned with Kingspan's long stated strategy to develop multiple technologies in roofing applications and will serve as our global platform for advancing these solutions.
For further information contact:
Kingspan Lorcan Dowd, Group Company Secretary +353 42 9698000 Murray Consultants Douglas Keatinge +353 1 4980300
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END
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(END) Dow Jones Newswires
February 18, 2022 02:00 ET (07:00 GMT)
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