Carpenter Co. Announces Acquisition of Recticel’s Engineered Foams Division

Carpenter Co. has announced that it will soon acquire the assets of Recticel N.V.’s Engineered Foams Division. The merge creates the world’s largest vertically integrated manufacturer of polyurethane foams and specialty polymer products.

Recticel is a Belgian company with origins tracing back to 1778. The company’s portfolio comprises of engineered foams, insulation, and bedding. With the tagline, “The passion for comfort,” Recticel is already aligned with Carpenter’s mission to bring comfort to people’s lives.

The merge represents a unique opportunity for Carpenter to expand its footprint in Europe. There will also be an opportunity for Carpenter to acquire sizable business activities in segments of the flexible polyurethane foam market. This transaction will involve multiple production facilities and offices not only in Europe, but also in the United States and Asia.

“We are very excited about the acquisition of Recticel’s Engineered Foams Business, as it will strengthen our position in the technical foam markets,” CEO of Carpenter Co., Brad Beauchamp expressed. “We look forward to join forces with Recticel’s Foams business to deliver enhanced value for our customers and shareholders.”

About Carpenter Co.

Founded in 1948, Carpenter Co. is one of the world’s largest chemical manufacturers, producing polyurethane foam, bedding and furniture foam, carpet cushion, expanded polystyrene, air filtration media, polyether polyols, chemical systems and tire fill.