22 January 2021
Iren invests in Re Mat, startup backed by the Club degli Investitori
Re Mat S.r.l announces a new capital increase with which Iren enters the investor team.
Re Mat, founded in Turin in 2018, was born with the aim of revolutionizing the polyurethane foam supply chain thanks to an innovative production line designed to recover industrial polyurethane waste. Re Mat is among the first companies in Italy active in the transformation of end-of-life mattresses – generally classified as waste – into secondary raw materials with technical performance comparable to those of virgin polyurethane, thus allowing the recovery and recycling of polyurethane already used following the principles of the circular economy.
The new capital increase provides for an equity and convertible loan that will be used for the purchase and testing of the polyurethane recovery plants and the subsequent start of production. Re Mat was supported in the transaction by the law firm associated with KPMG.
Re Mat was born in 2018 also thanks to the support of the Investors Club Members Piero Pronello, Roberto Rocchietti, Andrea Marangione and Giuseppe Fano, who contributed to the birth of Re Mat by participating in two capital increases and supporting the management team with their own network. The CLN Group, led by Gabriele Perris Magnetto, himself a member of the Investors’ Club, also participated in the same operations.