Building materials maker Kingspan is said to be in the running to acquire European inflation foam company Armacell.
Armacell, a Luxemburg-headquartered company whose products were used in the International Space Station, has been on the block since the summer with a price tag of about €1.5 billion.
Cavan-based Kingspan is said to be among a handful of bidders, which includes a number of Canadian pension funds and a trio of well-known private equity groups –...
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