CO. CAVAN, IRELAND – Building products group Kingspan has bought the U.S. businesses of composite panels producer Metecno for approximately $111 million, according to RTE Business.

Metecno operates under the ASI, API and Benchmark brands with three sites — in Florida, Ohio and California.

Kingspan says the deal gives it ‘critical mass’ in the U.S. at a time when demand for insulation products is expected to increase due to pressure for more energy-efficient building. Read more.

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