Salem Radio Network News Monday, January 24, 2022

Sports

Motor racing-Mercedes F1 team and Kingspan agree to end sponsorship deal

DUBLIN (Reuters) – Insulation firm Kingspan and the Mercedes Formula One team have agreed to end a sponsorship deal, they announced in statements on Wednesday, amid a backlash about the Irish company’s link to Britain’s 2017 Grenfell Tower fire.

Kingspan, whose branding features on some of the team’s cars, said in a statement that its decision was made out of consideration for its customers and staff.

“The Mercedes-AMG Petronas F1 Team and Kingspan today announced that they have mutually agreed to end their partnership with immediate effect,” the F1 team said in a statement.

Kingspan said its Kingspan Insulation UK business was a core participant in the Grenfell Tower Inquiry but that it had no role in the refurbishment.

(Reporting by Conor Humphries; Editing by Rohith Nair)

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