Recticel acquires thermal insulation board business of Gór-Stal for EUR 30 million

BRUSSELS: Recticel has entered into preliminary agreements with the owners of the private Polish company Gór-Stal Sp. z o.o. to acquire Gór-Stal’s thermal polyisocyanurate-based (PIR) insulation board business. The acquisition will be made in cash for an enterprise value of EUR 30 million, of which EUR 27.25 million will be payable at closing and EUR2.75…