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Kingspan buys Turkey leg.(BUSINESS)
- Article from:
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Irish Independent (Dublin, Republic of Ireland)
- Article date:
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November 28, 2006
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Copyright informationCOPYRIGHT 2006 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jim Aughney
THE board of Kingspan declined to comment yesterday on reports in the Turkish media that the Cavan-based building materials group had made a significant investment in a Turkish insulated panels business.
Sources close to King-span said the company had made a joint venture investment which was not significant and did not merit comment.
However, analysts in Dublin said the deal was positive for Kingspan as it would allow the group to extend its market reach into the Balkans and the Middle East.
MergerMarket reported yesterday that Kingspan Group has bought a 51pc stake in a Turkish producer of insulated sandwich panels, Izopoli, citing a ...