Kingspan Group plc (ISE:KRX) agreed to acquire an unknown minority stake in stake in Treetops Trading A/S on May 25, 2023. Ricki Kjeldsen retains 25% of the shares in Treetops and stays onboard as CEO. The transaction is subject to merger clearance which is expected to be given within 2-4 months. EY Corporate Finance acted as financial advisor to owners of Treetops.

Kingspan Group plc (ISE:KRX) completed the acquisition of an unknown minority stake in stake in Treetops Trading A/S on April 24, 2024. The Competition Council has approved Kingspan's acquisition of TreeTops. To obtain approval, Kingspan has committed to divest TreeTops' business in the sale of wood wool ceiling tiless.