◂ Announcements

Dec 20, 2018ACQUISITIONMörfelden, Germany (headquarters); manufacturing sites in Czech Republic, France, Germany, Poland, Spain, UK, Germany

Woodbridge to sell 49% stake in Proseat JV to Recticel

Canada-based Woodbridge has signed an agreement to sell its 49% stake in Proseat, its European joint venture, to partner Recticel S.A.

Status

Announced

Productsautomotive seating components

CompaniesThe Woodbridge Group Recticel acquirer Proseat target Woodbridge Foam Corporation partner Sekisui Plastics acquirer

Sectors#Automotive Components

“Canada-based Woodbridge has signed an agreement to sell its 49% stake in Proseat, its European joint venture (JV), to its partner Recticel S.A”autotechinsight.spglobal.com

2 sources
autotechinsight.spglobal.comWoodbridge to sell 49% stake in Proseat JV to Recticel - Automotive Technology Insight | Forecasts | Industry News | Supply ChainDec 20, 2018
everchem.comRecticel M&A Activity - Everchem Specialty ChemicalsJan 11, 2019

Summarized from public sources; check the original articles before acting on it.

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