# 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.

- Type: Acquisition
- Announced: 2020-04-06
- Where: Belgium
- Status: announced
- Products: automotive interiors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Recticel](https://endata.com/companies/36323.md)
- [Greiner AG](https://endata.com/companies/9794.md) (acquirer)
- [Admetos GmbH](https://endata.com/companies/46419.md) (acquirer)
- [Admetos GmbH](https://endata.com/companies/46419.md) (partner)

## Sources

- [autotechinsight.ihsmarkit.com](https://autotechinsight.ihsmarkit.com/news/5254604/m-a-recticel-divests-controlling-stake-in-automotive-interiors-division-50-stake-in-eurofoam-jv), 2020-04-08: "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.spglobal.com](https://autotechinsight.spglobal.com/news/5254604/m-a-recticel-divests-controlling-stake-in-automotive-interiors-division-50-stake-in-eurofoam-jv), 2020-04-08: "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"
- [drivingvisionnews.com](https://www.drivingvisionnews.com/news/2020/05/07/recticel-divest-interior-business/), 2020-05-07: "Recticel, from Belgium, has entered into a binding agreement in order to bring its automotive interiors business in a joint venture under the control of Munich-based privately owned investment company Admetos."

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