Kingspan Acquires Spanish Roofing and Ceiling Specialist THU

18 February 2022 Kingspan Group

Kingspan Group is pleased to announce the completion of its acquisition of THU PERFIL SL, the Valencian firm specializing in metal ceiling profiles.

THU has decades of experience in ceilings, roofing, drywall and partition profile manufacturing. The company’s relentless focus on sustainability is consistent with Kingspan’s ambitious 10-year Planet Passionate sustainability programme and enhances the Group’s portfolio of building envelope and enclosure solutions.

THU shares Kingspan’s strong commitment to decarbonizing the built environment and prioritizing circularity. Its manufacturing processes currently use up to 25 per cent recyclable materials and all waste products are recovered for reincorporation into the production cycle.

With 39 per cent of direct and indirect CO2 emissions attributable to the built environment1, the industry needs to work together to help limit global warming to 1.5°C. Kingspan is targeting net zero manufacturing by 2030 and has set Science Based Targets consistent with the 1.5° Paris climate change goal.

Reducing carbon emitted during in the manufacture of building materials is crucial to meeting climate goals. The construction of buildings alone is estimated to generate 11 per cent of global CO2 emissions2.

Kingspan Group’s revenue grew 42% in 2021 with acquisitions playing an important role, contributing 12% of sales growth.
 
THU has more than thirty years’ experience spanning large commercial spaces from airports and offices to shopping centres and boasts rigorous quality control testing and accreditation from internationally recognized industry bodies.

Kingspan has acquired the company after seven years of investment from Spanish investment group Zriser, which allowed THU to focus on the creation of innovative product lines and bringing them to new markets. During this time THU more than quadrupled its sales, from 10 million euros (2015) to 45 million euros (2021).

Josep Jordan, Managing Director Southern Europe, said:

 
We are delighted to partner with THU, a company which shares our passion for decarbonizing the built environment. Pooling our knowledge and expertise will deliver benefits to our customers, all while prioritizing sustainable growth.
I am very pleased to be part of Kingspan's industrial project, which is also a clear global market leader. I am convinced that this integration will bring additional benefits to our clients, boost our international development and offer great professional opportunities to THU employees.
said Gabriel García, General Director of THU.
 
1 https://www.iea.org/topics/buildings
2 https://www.worldgbc.org/embodied-carbon

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