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

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.