Recticell completed the acquisition of FoamPartner from Conzzeta for $281m.

Recticell, the Belgium-based specialist in polyurethane chemistry, completed the acquisition of FoamPartner, a global provider of technical foam solutions, from Conzzeta, a global holding company, for $281m. “This transaction is a unique opportunity for Recticel to expand its product offering in technical and specialty foam solutions and to further increase our global reach in Asia and North-America. We look forward to welcoming our many new and highly skilled colleagues from FoamPartner. Looking ahead, this acquisition supports our ambition to become a global provider of engineered foam solutions and will create significant value for our customers, employees and all other stakeholders. In conjunction with today’s announcement, Recticel has launched a strategic review to evaluate the future of the Bedding business segment within Recticel, which progressively becomes a Group primarily focused on Insulation and Engineered Foams,” Olivier Chapelle, Recticel CEO.