Kingspan confirms attempted deal with American rival Carlisle but ‘no active engagement’

It had been reported earlier this week that the Cavan based building firm had been rebuffed in an attempt to merge

Kingspan, which has a market value of €13.4 billion and is led by Gene Murtagh, announced plans to delist from the London Stock Exchange in April

Kingspan, the building materials giant headquartered in Kingscourt in Co Cavan, has confirmed “informal discussions” with a rival American firm but has said there is now “no active engagement.”

It was reported earlier this week that Carlisle, which has a market value of $12.5 billion, rejected the pitch for a merger but signalled it would be open to at least reviewing a more attractive off.

Kingspan this morning released a statement noting the speculation.