The CORSTYRENE Group expands into the roofing panel market with the acquisition of BEOPAN

Paris, September 15, 2016 – TWINL, specialized in Acquisitions, Alliances, Evaluations, Fundraising, Financial Engineering and Business Divestitures, announces the acquisition of BEOPAN, a major industrial company in the field of roofing panels and insulating walls for more than 20 years, by the CORSTYRENE Group, advised by TwinL.

Mandated by the Group’s holding company to find targeted opportunities for external growth, TwinL has just completed the acquisition of Beopan (CA:€5 million) by the Corstyrène Group (CA:€25 million), a specialist in insulation and eco-construction.
This operation strengthens the Corstyrène Group on the dynamic but very competitive market of insulation systems, its field of excellence for more than 45 years, which it exercises in France and Italy.

BEOPAN is located in Signes (Var) and manufactures on its magnificent 4-hectare industrial site, on the edge of the Paul Ricard Circuit (Le Castellet, Var), the roofing panels www.Beopan.com and the modular one-piece wall system with integrated insulation, Beomur (www.Beomur.com).

These 2 systems offer innovative solutions in terms of construction (cost) and insulation (performance) and are part of the commitment to use fully recyclable materials to guarantee users not only environmentally friendly products but also top-notch THERMAL performance.

With this acquisition, the Signes site becomes the 4th industrial site of the Corstyrène Group in France after the 2 historic sites of Aléria (Haute Corse), one specializing in the production of Expanded Polystyrene – Insulation complexes for construction, the other in the design and production of frames in industrial farmhouses – timber frame houses (subsidiary KBI). The 3rd site, in Loriol-du-Comtat (Vaucluse) is dedicated to the assembly of wood fiber panels coated with cement, a new insulation product developed by the group, and decorative elements of facades in polystyrene and polyurethane developed by another subsidiary of the group, Innovation with 3D technology.

The Italy branch of the group is Installed in Sardinia for more than 15 years, where it manages two industrial sites specialized in expanded polystyrene (insulation for the building with panels or insulation complexes for roofing) and remains the N°1 in Sardinia of the insulated packaging.

Through this acquisition, the Corstyrène Group strengthens its position as a specialist in insulation and ecoconstruction and confirms its development and growth strategy by allowing all its Customers to benefit from better coverage of the territory and a range of systems insulation and more complete construction.

For Frédéric LAMBERT, CEO of Corstyrène Industrie :

“Fully part of our desire for growth, this acquisition will give Corstyrène Industrie the means to develop its business with a new team of 25 employees serving our Customers who join our Group. This merger will make it possible to offer Corstyrene and Beopan customers a wider range of insulation solutions. In addition, BEOPAN customers will benefit from a greater commercial presence. I am pleased to be working with BEOPAN and to share a new joint development project with this involved team. ‘

For Clisthen GUILLOT, President of the Corstyrene Group :

“The know-how and skills of this Beopan team fully meet the criteria we have set for ourselves in terms of external growth: high value-added products, recognized brands (Beopan, Beomur), quality teams, motivated by new ambitions and «eco-responsible» solutions. It was the roadmap given to the TwinL team that accompanied us throughout this negotiation. From the first contact, to the final signature, the TwinL team led every step of this rapprochement. Thanks to a strong financial competence, TwinL realized the valuation of this company; and it is on this basis that the agreement was reached. During the course of the discussions, TwinL also played a decisive role in providing psychological support to the parties, which enabled the signing of this operation.”