Zotefoams Tuesday announced it has acquired Overseas Konstellation Company S.A., a producer of technical foams, headquartered in Anglesola, Spain, for a total cash consideration of up to 36.0 million euros.
Zotefoams has acquired the entire issued share capital of Overseas Konstellation Company for an upfront cash consideration of 27.6 million euros, plus a deferred element of up to 8.4 million euros based on the company's financial performance in 2026.
The total consideration represents a valuation multiple of 7x OKC's 2024 EBITDA (5.3 million euros) all of which will be funded from Zotefoams existing financial resources.
The acquisition expands the Group's capabilities, adds new markets and channels and supports the Group's strategic priorities.
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