Translink Corporate Finance announces the sale of SPU Oy, the largest Nordic PIR insulation manufacturer, to Kingspan Group plc. Translink acted as the exclusive financial adviser to the owners of SPU Oy.

Kingspan Group is the world’s largest manufacturer of rigid phenolic, PIR and vacuum panel insulation materials and the acquisition of SPU Oy establishes it as the market dominant also on the Nordic market for rigid phenolic and PIR panel insulation products. SPU Oy will immediately be rebranded as Kingspan Insulation on all Nordic and Baltic markets and it will offer an even wider product portfolio of energy-efficient panel insulation products to retail, commercial and industrial customers.

At Translink we see that the demand for more energy-efficient building solutions will continue to increase and with our past transaction experience across many countries/continents we are well positioned to help other building material companies to accomplish their M&A goals both on the sell- and the buy-side.