Press release

Recticel confirms the closing of its divestment of the Proseat joint venture

Regulated information, Brussels, 19/02/2019 — 18:22 CET

 

Recticel is pleased to announce the closing of the transactions whereby Sekisui Plastics Co., Ltd. ( “Sekisui”) acquires 75% in the European moulded seat cushion specialist Proseat. Recticel maintains 25% in Proseat with the option to sell this remaining participation no later than January 1st, 2022.

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