Recticel completes the acquisition of FoamPartner
Recticel is pleased to announce that on 31 March 2021, it successfully acquired FoamPartner, the Swiss-based global provider of high added-value technical foams.
Olivier Chapelle (Chief Executive Officer): “The closing of the transaction went smoothly, and within the expected timeframe. Recticel Flexible Foams and FoamPartner will now be merged to form the Recticel Engineered Foams business line. The new organisation will leverage numerous synergies in resources and talents to promote excellence, grow its worldwide presence and accelerate the commercialisation of sustainable innovations and leading-edge solutions to global markets. We are delighted to welcome our new colleagues into the Group.”
FoamPartner will be integrated in the consolidated financials of Recticel as from 01 April 2021.