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New Deal


Announced

Aquinos to acquire Recticel's Bedding business line for $138m.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Belgium

Private

Acquisition

bedding products

Single Bidder

Majority

Cross Border

Household Equipment and Products

Friendly

Pending

Synopsis

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Aquinos, a producer of furniture upholstery and mattresses, agreed to acquire Recticel's Bedding business line, for $138m. "We believe that the Aquinos Group will be an excellent home for our Bedding business. It is a truly dedicated player in the European bedding and furniture markets with strong commercial and industrial capabilities to leverage the potential of our Bedding brands, technologies, locations and teams. It offers high complementarity in terms of product offering and geographical presence, with very little overlap in footprint, which will lead to significant opportunities for the business and for our Bedding employees," Recticel.

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