Recticel N.V./S.A.

Company Profile



Olympiadenlaan 2, B-1140 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, 2017, the Company’s operations in Europe accounted for approximately 91% of its net sales.

-The Company is organized around four business lines:

  • Flexible Foams
  • Bedding
  • Insulation
  • Automotive

-The Company’s Automotive business line consists of two divisions:

  • Interiors: Develops and manufactures elastomer interior trim solutions for the automotive industry including polyurethane compounds, dashboard skins, cockpit and door panel trim components.
  • Seating: Managed through Proseat, a 51/49 joint venture between the Company and Woodbridge Foam Corporation, the division develops and manufactures molded comfort foam pads for car seats and headrests

-For the fiscal year ended December 31, 2017, the Company’s Automotive business line accounted for 23.0% of its total sales.


-The Company is listed on the Euronext Brussels Stock Exchange. (As of Dec. 31, 2017)
Shareholders Investment Ratio (%)
Compagnie du Bois Sauvage SA 27.47
Capfi Delen Asset Management NV 3.89
BNP Investment Partners 2.95
Dimensional Holding Inc/Dimensional Fund Advisors LP  2.97
Public 62.12
Total (excluding treasury Shares) 99.40
Treasury Shares 0.60
Total (including treasury Shares) 100.00


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

-Urethane foam for seat cushions
-Molded seat cushions
-Seat backs
-Seating with integrated heaters and coolers
-Expanded Polypropylene (EPP) components
-Compolite layered material

Supplemental Information 1