MERCOR S.A. Finalizes the Sale of Its Natural Smoke and Heat Exhaust Ventilation and Fire Ventilation Business to Kingspan Group
The “MERCOR” S.A. Group (hereinafter referred to as “MERCOR” or the “Company”), one of the leaders of the European fire protection market, finalized on October 1, 2025, the sale of its business activities related to natural smoke and heat exhaust ventilation and fire ventilation systems to Kingspan Group — a global leader in insulation and complete building envelope solutions (the “Transaction”).
The completion of the Transaction followed the signing, on October 1, 2025, of an additional agreement to the preliminary share purchase agreement for MERCOR Group subsidiaries concluded on November 22, 2024, between the Company and Kingspan société à responsabilité limitée (the “Investor”), a subsidiary of Kingspan Group Plc (the “Agreement”).
Under this additional agreement, two other subsidiaries of Kingspan Group Plc — Kingspan Holdings Spain S.L.U. and Kingspan Water & Energy sp. z o.o. — became parties to the Agreement. The document also modifies the method of calculating the purchase price for the shares in the MERCOR subsidiaries covered by the Transaction.
Transaction Details
Pursuant to the Agreement, the Investor is obliged to pay the Company up to PLN 420 million as the purchase price for the shares in MERCOR subsidiaries included in the Transaction. Part of the price, up to PLN 90 million, is deferred and conditional upon achieving certain consolidated EBITDA thresholds for the twelve-month period ending March 31, 2026, generated by the operations of those subsidiaries.
Upon reaching the target EBITDA threshold, MERCOR will receive a portion of the deferred consideration, depending on the extent to which the achieved EBITDA exceeds the agreed threshold, in accordance with the multipliers set out in the Agreement, but not exceeding PLN 90 million. If the EBITDA amount does not surpass the specified threshold (after the modification introduced by the additional agreement), the Company will not receive any additional deferred payment.
MERCOR Becomes MCR
The new brand “mcr”, accompanied by the slogan “Technologies for a Safer Tomorrow”, reflects the strategic direction of our organization.
Since the very beginning, we have been focused on developing solutions that enhance safety. Alongside the continued growth of our traditional product lines — such as fire doors, gates, passive fire protection systems for building structures, intumescent coatings, and fire-stopping systems — we are moving toward increasingly innovative technologies.
“We are committed to consistently expanding our product portfolio and strengthening our international presence, always in close dialogue with our clients and partners,”
said Krzysztof Krempeć, President of the Management Board of “MERCOR” S.A.
Under the mcr brand, the company will deliver solutions including active fire suppression systems using water mist, which protect people and property while minimizing damage, as well as innovative fire safety technologies based on the Internet of Things (IoT), wireless communication, blockchain transactions, and modern mobile service platforms.
The offering also includes structural fire protection systems safeguarding buildings against fire, corrosion, and other hazards, as well as advanced fire partitions designed to meet stringent regulations and standards.
In addition, the company’s portfolio features industrial energy storage systems dedicated to production facilities and critical infrastructure, supporting the energy transition process.
