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Recticel announced the closing of the divestment of its Proseat joint venture, with Sekisui Plastics acquiring 75% of Proseat. Recticel retains 25% with an option to sell by January 1, 2022.
Canada-based Woodbridge has signed an agreement to sell its 49% stake in Proseat, its European joint venture, to partner Recticel S.A.