Recticel Divests 75% of ProSeat
|Press Release of Recticel – 19 February 2019|
|Recticel confirms the closing of its divestment of the Proseat joint venture
Recticel is pleased to announce the closing of the transactions whereby Sekisui Plastics Co., Ltd. ( “Sekisui”) acquires 75% in the European moulded seat cushion specialist Proseat. Recticel maintains 25% in Proseat with the option to sell this remaining participation no later than January 1st, 2022.