Kingspan Group plc will acquire 51% of shares of Steico

Representatives of Kingspan Group plc signed the agreement with Schramek GmbH about acquisition of 51% of the stocks Steico with an option for acquisition of another 10% of actions in the future. End of the transaction, which detail are not disclosed, it is expected at the beginning of 2024 of Steico — the German producer of eco-friendly insulating materials. The revenue following the results of 2022 made 445 million euros, EBITDA indicator — 90 million euros. Kingspan Group plc are the world leader in the sphere of highly effective isolation...