# Sekisui Plastics acquires 75% stake in Proseat from Recticel

Sekisui Plastics Europe GmbH acquired a 75% share of Proseat GmbH & Co. KG and seven other Proseat companies from Belgian Recticel NV/SA. Proseat is Europe's largest independent automotive parts manufacturer for seat cushion material and trim parts.

- Type: Acquisition
- Announced: 2019-02-05
- Where: Mörfelden-Walldorf, Germany, Germany
- Status: completed
- Products: molded seat pads, headrests, armrests, foamed molding
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Recticel](https://endata.com/companies/36323.md) (partner)
- [Proseat](https://endata.com/companies/36324.md) (target)
- [Sekisui Plastics Europe](https://endata.com/companies/37122.md) (acquirer)

## Sources

- [arqis.com](https://www.arqis.com/en/news/sekisui-plastics-acquires-majority-stake-in-proseat-with-support-of-arqis/), 2019-02-05: "The automobile industry is undergoing a major transformation as represented by self-driving cars and new energy vehicles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.