# Recticel to acquire FoamPartner from Conzzeta for CHF 270 million

Recticel NV has entered final talks to acquire 100% of FoamPartner from Swiss-listed Conzzeta AG for an enterprise value of CHF 270 million, with CHF 20 million payable in January 2022. The deal is expected to close in Q1 2021.

- Type: Acquisition
- Announced: 2020-10-11
- Where: Switzerland
- Value: $295.0M (270.0M CHF)
- Status: announced
- Products: polyurethane foams
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Conzzeta](https://endata.com/companies/18409.md) (partner)
- [Conzzeta](https://endata.com/companies/18409.md) (target)
- [Recticel](https://endata.com/companies/36323.md) (acquirer)
- [FoamPartner](https://endata.com/companies/50454.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/recticel-sa-EBR:RECT/news/brief-recticel-in-final-talks-with-conzzeta-to-acquire-foam-partner-019e6c48-ef01-7308-b5df-b92845f6f9ba/), 2020-10-11: "Cash deal for an enterprise value of CHF 270 million, CHF 20 million of price being payable in January 2022."
- [marklines.com](https://www.marklines.com/en/news/246596), 2020-11-10: "Recticel announced that it has entered into final agreements with Swiss-listed Conzzeta AG to acquire 100% of FoamPartner in cash for an enterprise value of CHF 270 million."
- [lincolninternational.com](https://www.lincolninternational.com/transactions/lincoln-international-advises-swiss-listed-conzzeta-group-on-the-sale-of-foampartner-to-recticel/), 2020-11-11: "With FoamPartner, Recticel acquires one of the world’s key advanced flexible polyurethane (PUR) foam solution providers."

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