Recticel Strengthens Cold Storage Insulation Portfolio Through Strategic Acquisition of Isopanel

Belgian insulation leader Recticel Group has acquired 100% of Isopanel Group, a Belgian specialist in insulated panels for hygienic cold storage facilities and isothermal industrial buildings, marking another significant step in its ELEVATE 2030 growth strategy.

The acquisition was completed through Recticel’s Reclar joint venture, in which the company holds a 76% controlling stake, with the transaction valued at up to EUR 16.5 million based on Isopanel’s 2026 performance. Founded in 1998, Isopanel has established a strong presence in the installation of self-supporting insulated wall and ceiling panels used in temperature-controlled environments, including food processing facilities, pharmaceutical plants, refrigerated warehouses, and conditioned high-bay infrastructure.

The deal is expected to enhance Recticel’s ability to offer integrated, higher-value insulation solutions across the cold chain and industrial construction sectors while generating operational synergies with its existing insulated panel businesses, including Trimo, Rex, and Miclar.

By combining Isopanel’s installation expertise with Recticel’s manufacturing capabilities, the company aims to strengthen its position in the rapidly expanding cold storage panels market and accelerate downstream service offerings. The transaction, funded entirely in cash and consolidated into Recticel’s financial statements from 1 June 2026, supports the group’s broader ambition of achieving EUR 100 million in EBITDA by 2030 while expanding its portfolio of smart insulation solutions for energy-efficient industrial infrastructure.

Source: Recticel