Build to rent specialist Watkin Jones has launched legal action against Irish insulation manufacturer Kingspan after setting aside tens of millions of pounds to cover the remediation of buildings in the wake of the Grenfell Tower fire.
Kingspan
The man who oversaw the launch of Kingspan's controversial Kooltherm K15 insulation which was present on Grenfell Tower is to step down, as pressure mounts over the use of the material at the Queen Elizabeth University Hospital in Glasgow.
SIG has cancelled the planned sale of its Building Solutions business to Kingspan after concerns were raised by competition watchdogs.
The Competition and Markets Authority (CMA) has launched an investigation into Kingspan’s planned £37.5 million purchase of Building Solutions from SIG.
Kingspan’s anticipated purchase of Building Solutions raises competition concerns in the supply of specialist insulation panels, the Competition and Markets Authority (CMA) has found.
Specialist building products distributor SIG has agreed to sell its Building Solutions (National) Limited business to Kingspan’s panels division for £37.5 million.