M&A Deal Summary

Recticel Acquires FoamPartner

On April 1, 2021, Recticel acquired manufacturer FoamPartner from Bystronic for 270M CHF

Acquisition Highlights
  • This is Recticel’s 1st transaction in the Manufacturing sector.
  • This is Recticel’s 0th largest (disclosed) transaction.
  • This is Recticel’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2021-04-01
Target FoamPartner
Sector Manufacturing
Buyer(s) Recticel
Sellers(s) Bystronic
Deal Type Divestiture
Deal Value 270M CHF

Target

FoamPartner

Wolfhausen, Switzerland
FoamPartner is a customer-focused, innovative partner with a broad offering of over 200 specialty foams and tailored solutions for manifold industrial, automotive, and comfort applications. The company takes advantage of the worldwide availability of a very broad base of polyurethane foams, ranging from 16 to 150 kg/m3, which can be ordered as unprocessed raw blocks, rolls, sheets, or as customized solutions and finished products. Its specialized testing capabilities enable speed and also safeguard products. FoamPartner is based in Wolfhausen, Switzerland.

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Buyer(S) 1

Buyer

Recticel

Brussels, Belgium

Category Company
Founded 1896
Sector Building Materials
Employees1,151
Revenue 529M EUR (2023)
DESCRIPTION

Recticel is an insulation company with a strong presence in Europe and the USA. Recticel delivers upon a portfolio of insulation boards, insulated panels and acoustic solutions. Recticel Insulation designs thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. Recticel was founded in 1896 and is based in Brussels, Belgium.


DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 3
Country (Switzerland) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-19 Gor-Stal - Thermal Insulation Board Business

Gorlice, Poland

Gor-Stal's Thermal Insulation Board Business increases the level of energy efficiency of the building by using thermal insulation properties. The system meets even the most stringent requirements of EU regulations. Its thermal insulation boards are characterized by a low thermal conductivity coefficient (λ = 0.022 W / mK). This enables the use of a thinner insulation layer that does not reduce the usable area of ​​the building. We will not get such effects using traditional materials such as polystyrene or mineral wool. Its insulation boards are used, among others, for insulation of pitched roofs, attics, attics, flat roofs and terraces, insulation of walls, ceilings, basements, foundations, and floors. Thermal insulation board uses polyisocyanurate for the production of IZOPROOF thermal insulation boards. This material is also sometimes called polyisocyanurate (and plates made of it - polyisocyanurate plates ; it is tracing paper from the English language, wrong from the point of view of chemical nomenclature).

Buy €30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Trimo

Trebnje, Slovenia

Trimo is a provider of original and complete solutions in steel buildings, roofs, facades, steel constructions, modular units, and sound-proof systems. Trimo was founded in 1961 and is based in Trebnje, Slovenia.

Buy €164M

Seller(S) 1

SELLER

Bystronic

Zurich, Switzerland

Category Company
Founded 1912
Sector Machinery
Employees3,353
Revenue 930M CHF (2023)
DESCRIPTION

Bystronic provides metal processing solutions for cutting, bending, and automation worldwide. The company supports and promotes its business units: innovation, growth, and business excellence form the basis for long-term returns ranking in the highest quartile of the respective peer group. It provides automation systems and integrated software solutions, as well as maintenance and support services; and sells and installs machinery and spare parts. Bystronic was founded in 1912 and is headquartered in Zurich, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2021) 1 of 1