M&A Deal Summary

Kingspan Acquires Pactiv - Building Products business

On November 13, 2014, Kingspan acquired building materials company Pactiv - Building Products business from Pactiv for 82M USD

Acquisition Highlights
  • This is Kingspan’s 7th transaction in the Building Materials sector.
  • This is Kingspan’s 6th largest (disclosed) transaction.
  • This is Kingspan’s 1st transaction in the United States.

M&A Deal Summary

Date 2014-11-13
Target Pactiv - Building Products business
Sector Building Materials
Buyer(s) Kingspan
Sellers(s) Pactiv
Deal Type Divestiture
Deal Value 82M USD

Target

Pactiv - Building Products business

United States
Pactiv Building Products, which goes to market under the GreenGuard® brand, is a North American designer, producer and marketer of building insulation products used in new construction and remodel projects for residential and commercial markets

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Buyer(S) 1

Buyer

Kingspan

Kingscourt, Ireland

Category Company
Founded 1965
Sector Building Materials
Employees22,000
Revenue 8.1B EUR (2023)
DESCRIPTION

Kingspan is a provider in high performance insulation, building fabric and solar integrated building envelopes. Kingspan delivers high efficiency, low cost and low carbon building solutions across a broad range of market sectors. Kingspan was founded in 1965 and is based in Kingscourt, Ireland.


DEAL STATS #
Overall 9 of 16
Sector (Building Materials) 7 of 12
Type (Divestiture) 4 of 5
Country (United States) 1 of 1
Year (2014) 3 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Vicwest

Oakville, Ontario, Canada

Vicwest Inc. is a manufacturer and distributor of engineered storage and handling systems for grain, fertilizer and liquid storage as well as building construction products for agriculture, commercial, industrial and residential markets. The Company operates through two strategically aligned divisions: Vicwest Building Products and Westeel.

Buy CA$155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-23 Joris Ide Group

Zwevezele, Belgium

Joris Ide Group is the independent manufacturer of steel profiles and insulated panels used for roofing and cladding in the Benelux, with significant market positions in France and Eastern Europe.

Buy €315M

Seller(S) 1

SELLER

Pactiv

Lake Forest, Illinois, United States

Category Company
Founded 1959
Sector Packaging
Employees12,000
DESCRIPTION

Pactiv is a major producer of food service disposables and food packaging products. The Company operates over 50 manufacturing plants in seven countries. Pactiv makes and sells products used in the foodservice, supermarket, and food packaging markets. Pactiv was formed in 1959 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Spirit Foodservice Products

Andover, Massachusetts, United States

Spirit Foodservice Products is a manufacturer and marketer of specialty stock and custom plastic and foam disposable serving products sold worldwide through foodservice and specialty advertising distributors, restaurant chains, casinos, nightclubs and bars.

Buy -