Weinberg Capital Partners and Bpifrance support Recyc-Matelas Europe in the acquisition of Ecomatelas to create a leader in the recycling and reconditioning of mattresses

Weinberg Capital Partners and Bpifrance announce the acquisition by Recyc-Matelas Europe, a major player in the treatment and recycling of end-of-life mattresses, of Ecomatelas, a pioneer in made-in-France reconditioned bedding. With this acquisition, Recyc-Matelas Europe becomes a key player in the circular economy in France.

Founded in 2010 by Jérémy Settbon and Franck Berrebi, Recyc-Matelas is a major player in the processing and recycling of end-of-life mattresses. With the support of Weinberg Capital Partners’ Impact expertise through its WCP Impact Dev #1 fund, and Bpifrance’s expertise in circular economy through its France Investissement Énergie Environnement fund, Recyc-Matelas Europe dismantles mattresses and recovers the materials that are used to manufacture other products. The company currently operates through 4 sites in France and 1 in Belgium, and processed 26,000 tonnes of end-of-life mattresses in 2022, thanks to its largely automated production line.

Ecomatelas, founded in 2017 by Jérémie Adjedj, is the French leader in eco-responsible refurbished mattresses, made from end-of-series brands of bedding or from renewals of hotel complexes. Since its inception, Ecomatelas has given a second life to 40,000 mattresses, avoiding over 11,000 tonnes of CO2. In 2022, the company, which uses a patented and Bureau Veritas-certified technology, achieved a turnover of €1.5 million.

This acquisition by Recyc-Matelas Europe of Ecomatelas, who shares common ecological and social values, meets the expectations of the industry and especially those of the eco-organism Ecomaison, a specialist in furniture and material collection and recycling, which promotes reuse as the primary waste treatment mode, and with whom Recyc-Matelas Europe has been collaborating for more than ten years.

This operation will enable Ecomatelas to further professionalize its production chain to respond to a greater number of orders from consumers and professionals who are increasingly concerned about using quality eco-responsible products. Alongside Recyc-Matelas Europe, Ecomatelas will open a production site and a showroom in the suburb of Paris in 2024.

The company will also strengthen its product offering, which are already available on the website and can be delivered throughout France, at an average price per mattress ranging from €130 to €300.

In Extenso Finance, specialist in advising executives and companies on their high-level financial operations, has supported Ecomatelas in this operation.