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Article: Recticel adds three foam units from Brekke in Norway.(europe newslines)(Brekke Industrier AS)
- Article from:
- Urethanes Technology International
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brussels -- Major European foam group Recticel is to spend 13.6 million [euro] ($17.6 million) to buy three manufacturers of flexible foam from Norwegian company Brekke Industrier AS, which was one of the largest foam manufacturers in Northern Europe.
Recticel's 26 Nov announcement described the purchase price as 'enterprise value,' for the three businesses: Westnofa Industrier AS in Norway, Superlon Oy in Finland and certain assets of AS Univa in Estonia. In 2007, the consolidated turnover of these companies came to 38.4 million [euro] and they employed 230 people.
These three Brekke subsidiaries produce and convert polyurethane foam in Andalsnes and ...