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Kingspan Pushes Back Against EU Allegations Over Trimo Deal

By  |  December 3, 2025

Irish building materials manufacturer Kingspan defended itself on Tuesday at a closed-door European Commission hearing as it seeks to counter accusations that it provided misleading information during its attempted purchase of Slovenian rival Trimo, according to Reuters.

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    Senior competition officials and legal representatives attended the session, which comes more than a year after regulators alleged that Kingspan had intentionally or negligently supplied incorrect details about its internal structure during the merger review, per Reuters.

    The Commission has warned that companies providing false or incomplete information during merger investigations can face significant penalties. In Kingspan’s case, the fine could reach up to 1% of its global annual revenue if the company is ultimately found to have breached EU merger rules, according to Reuters.

    Although Kingspan has maintained it disagrees with the accusations, it abandoned the Trimo deal because the acquisition was bound by time constraints. A source familiar with the situation told Reuters that an EU veto was likely after Kingspan declined to propose remedies meant to ease competition concerns.

    EU authorities have taken a tougher approach in recent years when companies fail to fully cooperate in merger scrutiny, frequently issuing substantial fines, Reuters has reported.

    A final decision from the European Commission on the case is expected sometime next year, according to Reuters.