Kingspan has reached an agreement to acquire all the shares in Vestfold Plastindustri AS. Included in the acquisition are the daughter companies Bokn Plast AS and VPI Ps AS, as well as Vestfold Plastindustri Eiendom AS.

Vestfold Plastindustri AS is a leading Nordic manufacturer of corrosion-free tanks in glass fiber reinforced polyester, GRP. The company has 86 employees and had turnover of 150 MNOK in 2017 and an EBITDA of ~14 MNOK.

Kingspan is a global leader in high performance insulation and building envelope solutions and has over 11 000 employees in over 60 countries worldwide. Kingspan had revenues of 3,7b Euro in 2017. The company is headquartered in Ireland.

Synergos acted as financial and strategic advisor to the shareholders of Vestfold Plastindustri AS.

Kingspan Strengthens Position in Nordic Market with Key Acquisition

The acquisition of Vestfold Plastindustri by Kingspan represents a strategic move to solidify its presence within the Nordic market. Known for its advanced insulation and energy-efficient building solutions, Kingspan benefits significantly from this acquisition by gaining access to Norway’s growing demand for high-performance insulation materials. As the green building sector expands across Europe, acquiring local companies like Vestfold Plastindustri enables Kingspan to deliver sustainable, innovative solutions tailored to regional needs. This strategic acquisition highlights the importance of growth through mergers and acquisitions (M&A) for companies aiming to expand their reach in environmentally focused construction.

Expanding Insulation Solutions in Norway

Vestfold Plastindustri’s expertise in specialized insulation products makes it a valuable addition to Kingspan’s product portfolio. Norway, with its rigorous building standards and environmental regulations, demands high-quality insulation materials that support energy efficiency and sustainability. By acquiring Vestfold Plastindustri, Kingspan enhances its capacity to meet these standards and deliver tailored solutions to the Norwegian market. This acquisition is an example of how M&A activity in the construction materials sector supports the growth of sustainable solutions, aligning with Kingspan’s mission to advance energy-efficient construction practices.

Growth in Green Building Through Mergers and Acquisitions

Kingspan’s acquisition strategy aligns with the increasing emphasis on sustainable building practices in Europe. Mergers and acquisitions are driving significant growth in the green building materials sector, allowing companies like Kingspan to extend their influence in new markets and provide enhanced product offerings. As part of Kingspan’s broader growth initiative, this acquisition of Vestfold Plastindustri represents a step toward delivering innovative solutions in green building, reinforcing Kingspan’s leadership in the global insulation market.

Supporting Sustainable Building Standards Across Europe

By acquiring Vestfold Plastindustri, Kingspan can better support sustainable building standards across Europe. This acquisition strengthens its competitive position in the Nordic region and enhances its ability to meet local demand for advanced insulation. With green building standards becoming the norm, acquisitions like these are essential for companies aiming to lead in sustainable construction materials, helping them to achieve operational efficiency while meeting stringent environmental requirements.