Business description

Synbra manufactures particle foam products for thermal (building and construction) and technical (HVAC, protective, automotive and food) industries. Synbra operates 14 facilities in the Netherlands, Germany, Portugal and Denmark with some 900 employees.

Investment thesis

The company aims to realize above market profitability and drive growth through continuous innovation as well as acquire and integrate other particle foam (EPS, EPP, EPLA) businesses to increase market share in its chosen markets.