Kingspan Group plc (“Kingspan”) Announces Majority Stake in Nordic Waterproofing

Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce, following share purchases of 26.5% on Friday, 18th October 2024, it now has a majority stake (62.6%) in Nordic Waterproofing Holding AB. This is a further significant milestone in the growth of the Group’s global Roofing & Waterproofing division. Nordic Waterproofing is a leading provider of waterproofing solutions in Northern Europe with a presence in 10 countries.

This development, together with the recent acquisition of IB Roofing in the US and our existing business, takes the Group’s annualised consolidated Roofing & Waterproofing revenues to approximately €1 billion. This is before the impact of our organic expansion in the US which is advancing at pace, and any further acquisition activity.

About Kingspan

Kingspan is an Ireland-based building materials company with headquarters in Kingscourt, Ireland. The company was founded in the 1960’s by Eugene Murtagh who is also the largest shareholder of the company. Kingspan has been listed on the Irish Stock Exchange since 1989. Kingspan operates through five divisions: Insulated Panels, Insulation, Light, Air & Water, Data & Flooring and Roofing & Waterproofing. In 2022, total sales amounted to approximately EUR 8.3 billion with an EBITDA close to EUR 1 billion. For more information, visit www.kingspangroup.com.

Contact:

Lorcan Dowd – Company Secretary – + 353 (0)42 9698000

Source: Kingspan Group plc