Greiner to acquire 27.03% of a stake in Recticel from Bois Sauvage for $234.4m

Greiner, a plastic and foam solutions company, agreed to acquire 27.03% of a stake in Recticel, manufacturer and transformer of polyurethane chemicals, from Bois Sauvage for $234.4m “This new chapter is the next logical step in Greiner’s growth strategy as we execute on our stated intention to upgrade our foam competence. This cooperation is about growth and best positioning the company to take advantage of emerging trends, cover customers’ regional needs, and provide more choice and innovative solutions. With Recticel, Greiner gains new growth opportunities through scalable R&D capabilities. With Greiner, Recticel will gain a strong, long-term oriented partner to accelerate its strategy and expand its presence into more markets,” Axel Kühner, Greiner CEO.