Chemical Specialties – FoamPartner
The market responded positively to various marketing initiatives to implement strategic development projects along the value chains, strengthening the product portfolio for future earnings. With RegiSeal® e-Thermo, a new solution for electric mobility was presented that reduces energy consumption and extends the range of vehicles thanks to improved insulation. Product innovations also include the OBoNature™ product family for vehicle interiors, manufactured from sustainable raw materials, which improves interior air quality and is more efficiently produced. Another innovation is the resource-saving B 2240 Eco packaging foam for the reliable protection of goods during transport.
As part of the Conzzeta Group’s strategic transformation, a binding agreement was signed in November 2020 with Recticel, a Belgian polyurethane chemicals specialist based in Brussels and listed on Euronext, to sell the FoamPartner business unit for an enterprise value of CHF 270 million. The transaction is expected to be concluded by the end of the first quarter of 2021, subject to regulatory approval.