Recticel N.V./S.A.

Company Profile



Bourgetlaan 42 Avenue du Bourget 1130 Brussels, Belgium

Business Overview

-The Company develops and manufactures polyurethane foam, focusing on providing innovative, lightweight and sustainable comfort solutions across multiple industries. In the fiscal year ended December 31, 2020, the Company’s operations in Europe accounted for approximately 94% of its net sales.

-The Company is organized around four business lines:

  • Flexible Foams
  • Bedding
  • Insulation
  • Automotive

-The Company announced the closing of the transactions whereby 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 1, 2022. All conditions having been met and the necessary regulatory approvals being obtained, the abovementioned transactions have been closed today. The net proceeds of the current transactions amount to about EUR 21 million. Recticel, in December 2018, announced that it had entered into final agreements whereby it first acquires the remaining 49% in its Proseat joint venture from its Canadian partner Woodbridge Foam Corporation, and subsequently sells 75% in Proseat to the Japanese public company Sekisui. (From a press release on February 19, 2019)


-The Company is listed on the Euronext Brussels Stock Exchange. (As of May. 31, 2021)
Shareholders Investment Ratio (%)
Compagnie du Bois Sauvage SA 27.1
Recticel (own treasury shares) 0.6
BNP Investment Partners 3.0
KBC Asset Management NV 3.0
Janus Henderson Group plc. 5.0
Public 63.6
Total (including treasury Shares) 100.0


Engine compartment
-Bonnet lateral seals
-Cowl grille silencer
-Air intake silencer
-Air intake seal
-Cowl top seal
-Engine top cover
-Engine under cover
-Diesel injection ramp silencer
-PCR seal
-Wiring protection system
-Hood liner

-Acoustic enhancing wedges
-Hollow body silencers
-Carpet insulation
-Rear light seal

-Instrument panel
-Door trim
-Center consoles
-Glove box doors
-Pillar covers
-Roof trim panels
-Door trim panels
-Upper door panel
-Seat panel
-Rear panels

-Gusset gasket
-Mirror gasket
-Lighting system
-Roof bar and spoiler seals
-Wheel arch silencer
-Side fender
-Air outlet noise absorber

Supplemental Information 1