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Announced

Completed

Carpenter to acquire the engineered foams business line of Recticel for $496m.

Financials

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Transaction Value£388m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Household Equipment and Products

Majority

Friendly

Acquisition

foam mattresses

Private

Belgium

Single Bidder

Completed

Synopsis

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Carpenter, an integrated polyurethane foams producer, agreed to acquire the engineered foams business line of Recticel, an industrial group, for $496m. “We are excited to have completed this transaction, as it represents a unique opportunity for Carpenter to add a great set of locations and business units together with people dedicated to providing superior products and services. This transaction will allow Carpenter to accelerate its growth throughout the various end markets for flexible PU foam," Brad Beauchamp, Carpenter CEO.

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