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M&A Deal Summary

Recticel Acquires Gor-Stal - Thermal Insulation Board Business

On March 19, 2021, Recticel acquired renewable energy company Gor-Stal - Thermal Insulation Board Business from Gor-Stal for 30M EUR

Acquisition Highlights
  • This is Recticel’s 1st transaction in the Renewable Energy sector.
  • This is Recticel’s 4th largest (disclosed) transaction.
  • This is Recticel’s 1st transaction in Poland.

M&A Deal Summary
Date 2021-03-19
Target Gor-Stal - Thermal Insulation Board Business
Sector Renewable Energy
Buyer(s) Recticel
Sellers(s) Gor-Stal
Deal Type Divestiture
Deal Value 30M EUR

Target

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).

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Buyer(S) 1

Buyer

Recticel

Brussels, Belgium
Category Company
Founded 1896
Sector Building Materials
Employees1,151
Revenue 610M EUR (2024)
DESCRIPTION

Recticel is an insulation company with a strong presence in Europe and the USA. The company delivers a portfolio of insulation boards, insulated panels, and acoustic solutions. It 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 1 of 4
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: Poland M&A 1 of 1
Year: 2021 M&A 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-05 LeBed

Masevaux, France

LeBed designs, manufactures and distributes slatted frames for beds in Western Europe. The company offers a wide range of proprietary designs that are sold primarily through the major retail and supermarket chains. LeBed is based in Masevaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Buy Fr.270M

Seller(S) 1

SELLER

Gor-Stal

Gorlice, Poland
Category Company
Sector Renewable Energy
DESCRIPTION

Gor-Stal is a producer of sandwich panels, insulation panels, and assembly accessories have been operating on the market for nearly 20 years. The company provides solutions for industrial, agricultural, and residential construction, offering a wide range of modern sandwich panels - wall, roof, and cooling. From the beginning, the company has been intensively developing, expanding its activities both geographically and in terms of the products offered.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Poland M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
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