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Recticel to sell its foam division to Carpenter

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Published in issue 45/2021
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Belgian Recticel Group (Brussels) intends to sell its engineered foams activities to US Carpenter Co. (Richmond, Virginia). An offer put forward by Carpenter on 11 October 2021 provides for a cash payment arrangement based on a company value of €656m excluding cash funds and debt. The transaction is subject to the ...

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