# Recticel to sell Engineered Foams business to Carpenter Co.

Recticel NV announced it has received a binding offer from Carpenter Co. for its Engineered Foams business. The sale is expected to close in Q2 2022, allowing Recticel to focus on its insulation business.

- Type: Acquisition
- Announced: 2021-10-11
- Status: announced
- Products: engineered foams
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Recticel](https://endata.com/companies/36323.md) (target)
- [Carpenter Co.](https://endata.com/companies/58912.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/recticel-sa-EBR:RECT/news/brief-recticel-to-sell-its-engineered-foams-business-019e6ca4-1484-797a-8612-ec79e1f0ab64/), 2021-11-10: "Recticel announces strategy update and intended sale of its Engineered Foams business."

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