Recticel transfers Automotive Interiors division to JV with Admetos

Recticel has entered into a definitive agreement to transfer its Automotive Interior division to a new joint venture holding company, in which Admetos GmbH will hold a 51% controlling stake and Recticel 49%. The agreement includes reciprocal call/put options exercisable from March 2024.

“Recticel has entered into a definitive agreement with a Germany-based private investment firm Admetos GmbH to partially divest its ownership in Automotive Interior business”autotechinsight.ihsmarkit.com

• 3 sources
• autotechinsight.ihsmarkit.comM&A: Recticel divests controlling stake in Automotive Interiors division, 50% stake in Eurofoam JV - Automotive Technology Insight | Forecasts | Industry News | Supply ChainApr 8, 2020
• autotechinsight.spglobal.comM&A: Recticel divests controlling stake in Automotive Interiors division, 50% stake in Eurofoam JV - Automotive Technology Insight | Forecasts | Industry News | Supply ChainApr 8, 2020
• drivingvisionnews.comRecticel Divest Interior Business - DVNPhilippe AumontMay 7, 2020

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