BRUSSELS, BELGIUM: Recticel has entered into a binding agreement to sell its bedding business line to the Portuguese privately owned Aquinos Group. Under the terms of the agreement the bedding business line, will be sold to the Aquinos Group for an enterprise value of EUR 122.4 million. The transaction is expected to be closed in…
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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…