Building materials group Kingspan has confirmed that it is in talks about buying Irish and UK-based insulation board maker Hytherm/Xtratherm.
The company released a statement to the stock exchange this morning in response to media reports.
Kingspan said discussions were continuing, with a proposed price of around €85m, though it was not certain that a final agreement would be reached.
Shares in Kingspan closed 29 cent lower at €13.62 in Dublin this evening.
