PLIXXENT Holding GmbH has successfully completed the acquisition of Isotrie, a key player in the spray foam industry, effective January 23rd, 2024.

This acquisition is a significant step for PLIXXENT as it strives to strengthen its presence across Europe, particularly in Belgium, Luxemburg, and France. The move is aimed at leveraging Isotrie's expertise in the spray foam market.

Dr. Joerg Schottek, CEO of PLIXXENT, remarked on the acquisition, stating, "With this strategic acquisition, PLIXXENT is expanding its European footprint and solidifying its position as a leader in the spray foam market. The increased presence in Belgium, Luxemburg, and France provides new opportunities for collaboration with local partners and customers, and enhances our distribution network throughout Europe. We are excited about the possibilities this acquisition brings and look forward to fruitful collaboration with our new colleagues in Belgium and France. #BetterTogether."

Carlos Vandevelde, former CEO of Isotrie, expressed confidence in the partnership, saying, "Since our establishment in 1983, Isotrie has been at the forefront of developing, producing, and distributing PUR insulation foam and its practical applications. Our commitment to delivering high-quality raw material components and advanced spray foam systems has been the cornerstone of our success. Now, with PLIXXENT as our strategic partner, we are poised for further success. Their vision aligns seamlessly with ours, and their expertise will undoubtedly enhance our capabilities across all strategic pillars. Together, we are dedicated to upholding the highest standards of quality, innovation, and customer satisfaction. I look forward to achieving new milestones as part of the PLIXXENT family."

Source: PLIXXENT