Driving growth in sustainable insulation and recycling capacity
Finnfoam Group is reinforcing its European footprint with the acquisition of a polyurethane recycling and manufacturing business from Bosig Baukunststoffe, a unit of Bosig GmbH. The deal, valued at over €10 million, adds a 70-employee plant in Elsterwerda, south of Berlin, to the group’s operations.
The Elsterwerda facility specializes in transforming recycled polyurethane (PUR/PIR) into high-quality insulation board blanks for the furniture sector and frame-profile blanks for door and window manufacturers. Finnfoam plans to triple the plant’s recycling capacity to 15,000 tonnes of PUR/PIR waste over the next few years, positioning itself as a leader in polyurethane recycling and sustainable construction materials.
“We give industrial insulation materials a new life by turning selected PUR/PIR production waste into valuable sheets and profiles. Expanding our operations and partnerships across Europe is a key part of our strategy,” said Nerijus Česnavičius, CEO and founder of Warmotech UAB, the Lithuanian parent of Warmotech GmbH, which is owned by Finnfoam.
Expansion Potential in Germany
According to Finnfoam CEO Henri Nieminen, the newly acquired site offers significant room for growth:
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More than 10 hectares of land
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17,000 m² of covered space
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A rail connection for large-volume logistics across Europe
Finnfoam will invest over €2 million in machinery and equipment this year, with similar investments planned in the following years. The site also has the capacity to host additional FF-Future recycling operations, including polystyrene and PET recycling, further strengthening Finnfoam’s commitment to a circular economy.
Scaling Plastic Waste Recycling Across Europe
Across the Finnfoam Group, the company expects to recycle over 10,000 tonnes of plastic waste this year for use in new products. Within two years, the group aims to more than double its recycling capacity, further aligning with Europe’s growing demand for eco-friendly insulation materials and sustainable building solutions.
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