Kingspan chief executive Gene Murtagh. Cavan-based insulation specialist has acquired a 51 per cent stake in a manufacturer of insulated metal panels in Chile as it continues to expand its presence in Latin America.
The group’s footprint includes operations in Colombia, Panama, two in Uruguay, and five facilities throughout Brazil. Annualised revenue in the region is now approximately €500 million, which to date has been solely concentrated on the insulated panels business stream. “I see our entry into Brazil as the beginnings of us taking on the Latin American market,” Mr Murtagh told reporters after the meeting.
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Al Gore’s ethical investment fund buying shares again in KingspanGeneration Investment Management spends about €16 million to increase its stake in the insulation manufacturer from 2.9% to 3.01%
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