Recticel Completes Sale
March 31, 2022
Recticel completes the sale of its Bedding activities to Aquinos Group
Regulated information, Brussels, 31/03/2022 — 17:45 CET, 31.03.2022
Recticel announces that on 31 March 2022, it successfully sold its Bedding activities to to the Portuguese privately owned Aquinos Group.
Olivier Chapelle (Chief Executive Officer): “The closing of the transaction went smoothly, and within the expected timeframe. The divestment of the Bedding business line is another essential step in simplifying our group structure and in realizing our strategic objectives, while further strengthening our capital structure.
With the Aquinos Group, I am confident that we have found a new owner with the commercial and industrial capabilities to leverage the full potential of our Bedding brands, proprietary technology and highly qualified teams. Our Bedding employees and customers will find in Aquinos a truly dedicated player in the European sleep comfort market. I also want to express my heartfelt gratitude for the professionalism, dedication and loyalty shown over the years by our Bedding teams, to whom I wish all the best in the future.”