# Recticel acquires Rex Panels & Profiles for €70M

Recticel announced the acquisition of 100% of Rex Panels & Profiles SA, a Belgian producer of PIR and mineral wool insulated panels, for an enterprise value of €70 million. The transaction is expected to close in January 2024.

- Type: Acquisition
- Announced: 2023-12-21
- Where: Tournai, Belgium, Belgium
- Value: $77.0M (70.0M EUR)
- Status: announced
- Capacity: over four million m²
- Products: PIR insulated panels, mineral wool insulated panels
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Recticel](https://endata.com/companies/36323.md) (acquirer)
- [Rex Panels & Profiles SA](https://endata.com/companies/74593.md) (target)

## Sources

- [manda.be](https://manda.be/articles/another-large-acquisition-for-recticel/), 2023-12-21: "The acquisition of REX strengthens Recticel’s core purpose to become a leader in high-end sustainable construction through smart insulation solutions."

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