UK performance was described as 鈥渟olid given the challenging circumstances鈥�, while its home market in Ireland remains depressed, the company said.
Sales in the Insulation Boards product segment were up 10% year-on-year, excluding a recent acquisition in Australia, and 鈥渁ctivity was particularly robust in the UK鈥�.
Kingspan has also agreed to acquire the European insulation activities of CRH for 鈧�120m. Subject to statutory approvals, this is expected to complete early in 2011.聽This will bolsters its position as Europe鈥檚 leading provider of non-fibrous insulation throughout Europe, the company said.
Year-to-date performance coupled with the current order book is likely to deliver a 2010 full year operating profit in the range of 鈧�62m to 鈧�65m, compared to 鈧�62.7m in 2009.
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