# Sekisui Plastics acquires 75% of Proseat from Recticel

Recticel announced the closing of the divestment of its Proseat joint venture, with Sekisui Plastics acquiring 75% of Proseat. Recticel retains 25% with an option to sell by January 1, 2022.

- Type: Acquisition
- Announced: 2019-02-19
- Where: Belgium
- Status: completed
- Products: moulded seat cushions
- 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](https://endata.com/companies/36637.md) (acquirer)

## Sources

- [recticel.com](https://www.recticel.com/recticel-confirms-closing-its-divestment-proseat-joint-venture.html), 2019-02-19: "Recticel is pleased to announce the closing of the transactions whereby Sekisui Plastics Co., Ltd. acquires 75% in the European moulded seat cushion specialist Proseat."

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