Kingspan-Century Homes deal gets go-ahead

The Competition Authority has cleared Kingspan's acquisition of timber frame house manufacturer Century Homes.

The Competition Authority has cleared Kingspan's acquisition of timber frame house manufacturer Century Homes.

Kingpsan had announced the acquisition of Century Homes in March.

Kingspan will pay €91 million for Century, €67 million of which is to be paid on completion, with a further €24 million if profit targets are reached.

Century Homes had sales of €67.1 million in 2004.