A Sunday Independent analyst poll has revealed the ‘stars and turkeys’ in business during 2013. The Best Company was named as Kingspan. The Sunday Independent reports, ‘It [was] a very close race at the top for them best company gong, but Cavan-based insulation maker Kingspan just comes out on top…
‘Kingspan has emerged from the shadow of the financial and property meltdown and its shares have jumped 50 per cent in the last year.
‘Under the stewardship of CEO Gene Murtagh, Kingspan has been busy during 2013, expanding its horizons including gaining a foothold in the Gulf, where it bought a company in Dubai. In 2012, Kingspan generated 38 per cent of its €1.6bn in sales in the UK, while 37 per cent came from mainland Europe.
‘Investors are betting the company will benefit from accelerated growth once the construction markets really pick up.’