06-03-2020 IPCOM enters the Iberian market & acquires a majority share in Flexicel Industrial SL and Flexicel Portugal Unipessoal-Lda
IPCOM Group announces its agreement to acquire a majority share in both Flexicel Industrial SL and Flexicel Portugal Unipessoal-Lda, an Iberian Peninsula market leader in the conversion of technical foams.
Strengthening of our market position in Acoustic and Thermal Insulation
Expanding our geographical scope into Spain and Portugal, plus many export markets
Flexicel, a company with an established track record of 28 years, has two manufacturing centers based in Spain and Portugal. Flexicel has a wide range of knowledge and technology in conversion of foamed plastic, rubber, textile products and self-adhesive materials. The company offers her customers a wide variety of acoustic, thermal and waterproof solutions tailor-made for all projects and sectors. Today, the company has a turnover of approximately 17 million euros and employs around 100 people.
José-Luis Gonzalez, founder and Managing Director of Flexicel, said: “Flexicel offers a broad range of materials and designs. This enables us to offer our customers an excellent product that adapts to the function and productivity they require. Our tailor-made solutions and overall approach have helped us to become the Iberian Peninsula market leader in conversion of technical insulation. We are now looking forward to joining the IPCOM team. This opportunity will give us a fantastic platform from which to grow further and allows us to add our extensive expertise to a European group which, like us, has innovative insulation solutions at its heart.”
Remco Boerefijn, CEO IPCOM Group said: “I am delighted that Flexicel is joining the IPCOM Group. This acquisition strengthens IPCOM's position in the rising demand for custom made solutions for acoustic and thermal insulation. The expansion into the Southern European market and export facilities is a key development in our international expansion, and an important element of our overall growth strategy. We are also very pleased that José-Luis Gonzalez will remain a minority shareholder and that he and the other senior managers will remain fully involved going forward.”