Recticel sells Eurofoam stake puts auto business into JV

摘要

Brussels - Recticel has sold its half of the Eurofoam joint venture to partner Greiner and, separately, transferred its automotive interiors business into a joint venture. Overall, Recticel will gain €120m in cash from both deals. 'Both transactions are essential and transformative steps,' said CEO Olivier Chapelle. He added that the moves simplify Recticel's structure.