Brief: Recticel Acquires Rex

Recticel SA

21/12/2023 06:10

Dec 21 (Reuters) - Recticel NV  RECT.BR :
    * RECTICEL ACQUIRES REX TO CREATE A POWERFUL WESTERN
EUROPEAN
GROWTH PLATFORM FOR INSULATED PANELS
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN JANUARY 2024
    * TRANSACTION HAS AN ENTERPRISE VALUE OF EUR 70 MILLION IN
CASH,
WITH AN EARN-OUT MECHANISM LINKED TO EBITDA PERFORMANCE OVER
2024
    * VALUATION IS BASED ON MARKET VALUE OF ACQUIRED PRODUCTION
ASSETS, INCLUDING A NEWLY CONSTRUCTED PRODUCTION SITE THAT IS
PLANNED TO START UP IN Q1 2024

Source text for Eikon:  ID:nNDLb9W7l0 
Further company coverage:  RECT.BR 

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