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News Kingspan pulls out of bidding for Firestone Building Products

Kingspan pulls out of bidding for Firestone Building Products

Written by Global Insulation staff
23 December 2020
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Ireland/US: Ireland-based Kingspan has pulled out of bidding for Firestone Building Products. Bloomberg News has reported that both Kingspan and Standard Industries have dropped out of the auction. The roofing and building materials company was expected to reach a value of Euro2bn. The deadline for submitting offers is 28 December 2020.

Earlier in December 2020, Kingspan’s chief executive officer (CEO) Gene Murtagh apologised for ‘process shortcomings’ that have been highlighted by the ongoing Grenfell Tower Inquiry in the UK.

Published in Global Insulation News
Tagged under
  • Ireland
  • US
  • bid
  • Firestone Building Products
  • Kingspan

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