Insulation and building materials manufacturer Kingspan has announced the acquisition of a 51% stake in Villalba, a manufacturer of insulated metal panels and related products in Santiago in Chile.
Co Cavan-based Kingspan said today's deal, along with the 51% stake recently secured in the Kingspan MV joint venture in Asuncion in Paraguay, brings its total facility count across Latin America to eleven.
This include operations in Colombia, Panama, two in Uruguay and five facilities throughout Brazil.
The company said that annualised revenue in the region is now about €500m, which to date had been solely concentrated on the Insulated Panels business stream.
