Kingspan Group says it 'admires' rival Carlisle, but tie-up talks over

Carlisle Companies

13/09/2023 08:28

DUBLIN, Sept 13 (Reuters) - Irish construction company
Kingspan  KSP.I  on Wednesday confirmed media reports that it
had recent, informal discussions about a tie-up with rival
Carlisle Companies  CSL.N , but that there was currently no
active engagement between the companies.
    Bloomberg News reported on Sunday that Scottsdale,
Arizona-based Carlisle had rebuffed an informal approach by
Kingspan to combine the companies, but that Carlisle signalled
it would be open to at least reviewing a more attractive offer.
Carlisle did not respond to a request for comment on the report.
    "Kingspan has admired Carlisle for many years and,
recognising the clear strategic fit, had recent and informal
discussions on a potential transaction," Kingspan said in the
statement. 
    "At present, there is no active engagement," it said. "The
North American roofing space remains a key area of interest for
Kingspan."

 (Writing by Conor Humphries; editing by Sarah Young)
 ((conor.humphries@thomsonreuters.com; +353 1 236 1915;))