Grupo Copo

What Grupo Copo does

Grupo Copo is a privately-held Spanish automotive components manufacturer founded in 1969 and headquartered in Mos (Pontevedra), Spain, with operations in 8 countries and approximately 1,500 employees. The company designs, develops, and produces polyurethane foam, technical textiles, carpets, expanded polypropylene (EPP) components, and acoustic and thermal insulation systems for automotive interiors. It operates three product lines: Car Solutions (automotive interior components), Foam Solutions (polyurethane systems for bedding, footwear, and furniture), and Equipment and Processes (turnkey industrial lines for foam and textile manufacturing). The group is vertically integrated, controlling the value chain from polyol and additive formulation through finished component assembly, supported by proprietary technologies such as INALCO, TECNOFLEX, Low VOC foam systems, and Heating Fabric.

The business model is B2B, supplying 19+ automotive OEMs and 12+ Tier 1 suppliers on long-term program contracts, with a secondary revenue stream from the comfort, bedding, footwear, and furniture industries via Foam Solutions, and a third revenue stream from selling turnkey industrial lines through Equipment and Processes. Revenue grew from €139.353M in 2020 to €175.487M in 2022 (roughly 12% two-year CAGR), indicating a stable mid-sized supplier with diversified end-markets. The company monetizes internal process know-how both directly (through component sales) and indirectly (by licensing production technology to third parties).

Grupo Copo is deeply embedded in Spain's industrial R&D ecosystem, holding the presidency of the Galician Automotive Cluster (CEAGA) and acting as coordinator or partner in flagship programs including the GreenAuto Agenda (2022-2026, with Stellantis, for electric LCV components), GRECO/GRECO II Mixed Research Units (2022-2028, with CTAG, for AI and smart manufacturing), CENTAURO (2023-2025, ecosustainable EV polymers), ECLIPSE (2021-2024, polymer recycling), ATENEA (2025-2028, textile waste circularity), PESVE (2024-2025, EV polymers), PROFITEX (smart/conductive textiles), and DIGI4AUT (digitalization). These projects, funded through CDTI, FEDER, GAIN, and IGAPE, position the company to migrate its traditional foam-and-textile portfolio into EV-specific, circular, and AI-enabled interior systems.

Name

Grupo Copo

Legal name

Grupo Empresarial Copo, S.A.

Website

https://grupocopo.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Grupo Copo is a Spanish private automotive components manufacturer producing polyurethane foam, technical textiles, carpets, and EPP parts for 19+ OEMs and 12+ Tier 1 suppliers across 8 countries, with a smaller foam business serving bedding, footwear, and furniture.

Ownership category

akta.pro rank

Product category

Automotive Interior Components

NAICS

Urethane and Other Foam Product (except Polystyrene) Manufacturing (32615)

SIC

Plastics Foam Products (3086)

akta.pro primary industry

Polyurethane (PU) Flexible Foam Manufacturing (IMANAIAC)

akta.pro secondary industry

Polyurethane (PU) Rigid Foam Manufacturing (IMANAIAD)

Keywords

• Automotive foam components
• Polyurethane foam manufacturing
• Technical textile production
• Automotive interior solutions
• EPP component manufacturing

Headquarters

HQ city

Mos

HQ country

Spain

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. B2B automotive component manufacturing: Direct manufacturing and supply of polyurethane foam pads, EPP parts, technical textiles, carpets, and acoustic/thermal insulations to global automotive OEMs and Tier 1 suppliers under multi-year supply agreements. Revenue is generated per delivered part/batch, typically tied to OEM vehicle production volumes. Consolidated business revenue of €175.487 million in 2022, €160.718 million in 2021, and €139.353 million in 2020.
2. Comfort / bedding and shoe foam products: Sale of slabstock and molded polyurethane foams (HR, viscoelastic, hyperflex, hypersoft, conventional, low-density CO2) to bedding, mattress, pillow, and footwear markets.
3. R&D project co-development and grants: Public-funded R&D project participation (e.g., GreenAuto financing €2,905,982.59 to Copo Têxtil Portugal out of €118,461,005 total agenda) generating co-development revenue, grants, and IP.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Grupo Copo designs, develops and manufactures polyurethane foam pads, EPP (expanded polypropylene) parts, technical textiles, carpets, thermal/acoustic insulations, and tooling/process equipment for automotive interiors. The group serves global automotive OEMs and Tier 1 suppliers with seating, headliner, door panel, carpet, trunk trim, and passive safety components, and also sells slabstock and moulded polyurethane foams to bedding, footwear, and furniture manufacturers.

Product overview

Grupo Copo operates a portfolio of three integrated core product lines — Car Solutions (automotive interior components), Foam Solutions (polyurethane foams for comfort and industrial sectors) and Equipment and Processes (tooling and process engineering via CETEC) — complemented by proprietary innovations such as INALCO (single-step co-injection technology for seats), TECNOFLEX (HR-MDI formulation), Low-VOC Formulations, Heating Fabric, Lightweight Backrest Fillings and a complete textile-technology stack (Flat, Ketten, Circular knit). The portfolio is supported by an R&D+i function covering foams, fabrics and slabstock, and by a network of manufacturing sites across Spain, Portugal, Brazil, Mexico, the Czech Republic, Slovakia, Germany and Cuba serving Tier 1 suppliers and OEMs such as Audi, BMW, Citroën, Fiat, Ford, Honda, Hyundai, Mercedes, Nissan, Opel, Peugeot, Renault, Seat, Škoda, Toyota, Volkswagen, Faurecia, Grupo Antolin, Johnson Controls, Lear Corporation and Fehrer.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Solutions (Soluciones Auto)
• Foam Solutions (Soluciones Espuma)
• Equipment and Processes (Utillajes y Procesos)
• Moulded Mattresses and Pillows
• Slabstock Foams for the Shoe Market

Quantifiable outcome

• Consolidated business revenue grew from €139.353M (2020) to €175.487M (2022)
• +2 more outcomes

Named customers31 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature7 records

Partnerships

20 partnerships are on record, tiered core, minor and flagship.

• ATENEA Project Consortium (Galicia & Comunidad Valenciana)coreStrategic or Co-development Partner · 1 July 2025ATENEA – 'Research into new sustainable and circular technologies for the entire textile waste value chain in Spain', funded by CDTI with FEDER 2021-2027 funds through the Consorcios Regionales Innterconecta STEP programme. Project runs 01/07/2025 to 30/06/2028, expediente ITC-20251171, with Centro Tecnológico de Grupo Copo as participating company.
• Unimate RobóticacoreStrategic or Co-development Partner · 1 July 2023Consortium partner in the CENTAURO project (PERTE-VEC, EXP-020100-2022-98), focused on the formulation and production of ecosustainable alveolar polymers for electric vehicles. Project ran 01/07/2023 to 30/06/2025. Also partner in the GRECO and GRECO II mixed research units.
• Técnicas de SoftminorStrategic or Co-development Partner · 1 July 2023Consortium partner in the CENTAURO project on ecosustainable alveolar polymers for electric vehicles.
• Peugeot Citroën Automóveis Portugal, S.A. (Stellantis Mangualde)flagshipStrategic or Co-development Partner · 1 May 2022Lead partner of the GreenAuto Agenda (€118.46M total funding, €2.91M to Copo Têxtil Portugal), with Stellantis Mangualde as the end-user of the technologies and components developed for the industrialization of a new battery electric light commercial vehicle (BE-LCV). Project runs 01/05/2022 to 30/06/2026. PPS18 within WP10 of GreenAuto focuses on a 3D navigation system for autonomous mobile robots (AMR) for automated logistics in the automotive industry.
• CTAG (Centro Tecnológico de Automoción de Galicia)flagshipStrategic or Co-development Partner · 1 January 2022Co-partner with Centro Tecnológico de Grupo Copo (CETEC) and UNIMATE in the GRECO and GRECO II mixed research units (Unidades Mixtas de Investigación), focused on smart and sustainable technologies for products and industrial processes. GRECO concluded in 2026 after four years; GRECO II is a 36-month consolidation phase ending 2028, funded by Axencia Galega de Innovación and FEDER.
• UNIMATEcoreStrategic or Co-development Partner · 1 January 2022Consortium partner in GRECO and GRECO II mixed research units with CETEC and CTAG, contributing automation and control technologies that expand commercial exploitation opportunities.
• Técnicas Reunidas, S.A.coreStrategic or Co-development Partner · 1 November 2021Project representative (leader) of the ECLIPSE consortium (MIG-20211051), funded by CDTI Missions programme, researching new technological routes for recycling and recovery of complex polymeric residues. Other partners: ACTECO, CELLMAT Technologies, Centro Tecnológico de Grupo Copo, PICVISA Machine Vision Systems, REPSOL, SEAT, Synthesia Technology Europe. Project runs 01/11/2021 to 31/12/2024.
• SEAT, S.A.coreStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project researching new technologies for recycling and valorization of complex plastic residues.
• REPSOL, S.A.coreStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project for recycling and valorization of complex plastic residues.
• CELLMAT Technologies, S.L.coreStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project; also partner in the CENTAURO project (PERTE-VEC) on ecosustainable alveolar polymers for electric vehicles, alongside Unimate Robótica and Técnicas de Soft.
• PICVISA Machine Vision Systems, S.L.minorStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project on polymer recycling and valorization.
• ACTECO Productos y Servicios, S.L.minorStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project on polymer recycling and valorization.
• Synthesia Technology Europe, S.L.minorStrategic or Co-development Partner · 1 November 2021Consortium partner in the ECLIPSE project on polymer recycling and valorization.
• International Iberian Nanotechnology Laboratory (INL)coreStrategic or Co-development Partner · 4 January 2021Research partner in the PROFITEX project (POCI-01-0247-FEDER-072572, COMPETE/PT2020), led by Copo Têxtil Portugal, focused on (1) sensor management system for conductive fabrics in seats (occupancy detection, posture, connectivity) and (2) healthcare fabrics for car interior (antiviral, thermoregulation, anti-odour, easy-cleaning). Total budget €953,430.13 with €560,431.94 FEDER funding. Project ran 04/01/2021 to 03/06/2023.
• DGH IngenieríacoreStrategic or Co-development Partner · 1 January 2016Consortium leader of the ROBERTO project (ITC-20161153) under the INNTERCONECTA 2016 Program. The project develops an industrial robotic system for the safe use of industrial robots (high load capacity) in shared working environments without fencing. Other partners: ONTECH, I3TE, ITERA, GRUPO COPO, IZMAR, with collaboration of AIMEN Centro Tecnológico.
• ONTECHminorStrategic or Co-development Partner · 1 January 2016Technology company partner in the ROBERTO project consortium for safe industrial robotics, alongside DGH, I3TE, ITERA, GRUPO COPO and IZMAR.
• IZMARminorStrategic or Co-development Partner · 1 January 2016Metal transformation company partner in the ROBERTO project consortium for safe industrial robotics.
• ITERAminorStrategic or Co-development Partner · 1 January 2016Technology-based multifunctional tools developer, partner in the ROBERTO project consortium.
• I3TEminorStrategic or Co-development Partner · 1 January 2016Industrial electronics developer, partner in the ROBERTO project consortium.
• AIMEN Centro TecnológicocoreImplementation/ SI/ Consulting Partner · 1 January 2016Collaborating technology center on the ROBERTO project; also a co-development partner with COPO Group in the DIGI4AUT project (digitalisation of automotive foam manufacturing processes) following earlier work in the NEWFOAM and HIGHPPE projects.

Scale indicators9 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Faurecia (FORVIA): Global Tier 1 automotive interior supplier that acquired Grupo Copo's US assets (Copo Eagle/Copo USA) in 2006 and is itself a customer of Copo. Operates in seating, interiors, and clean mobility — directly comparable product portfolio and customer base.
• Grupo Antolin: Spanish-headquartered global Tier 1 supplier of automotive interior components (overhead systems, door panels, seating). Direct competitor for OEM interior trim business and listed as a Grupo Copo Tier 1 customer.
• Lear Corporation: Global Tier 1 automotive seating and electrical systems supplier. Comparable in supplying foam-based seating subsystems and EPP components to the same OEM set; listed among Copo's Tier 1 customers.
• Adient: World's largest pure-play automotive seating supplier, spun out of Johnson Controls. Competes with Grupo Copo for seat foam, headrest, and bolster content, particularly with European OEMs.
• Recticel: Belgian polyurethane specialist serving automotive seating and bedding comfort markets. Closest direct comp on the polyurethane chemistry and slabstock side of Copo's Foam Solutions business.
• Woodbridge Group (The Woodbridge Company / Woodbridge Foam Corporation): Canadian polyurethane foam and trim specialist supplying automotive seating, head restraint, and trim components to global OEMs. Direct comparator for Copo's foam-moulded automotive products.
• Carpenter Co. US-based largest manufacturer of polyurethane foam and comfort products, serving automotive, bedding, and furniture. Comparable in foam chemistry breadth (slabstock, moulded, specialty) to Copo's Foam Solutions.
• Toyota Boshoku: Japanese Tier 1 for automotive interior systems (seating, door trim, headliners, filters). Comparable vertically integrated supplier of seat foam, technical textiles and acoustic parts to global OEMs.
• Fehrer Group: German automotive foam and components specialist; historical JV partner with Grupo Copo (Copo Fehrer, 1992) and listed Tier 1 customer. Direct comp in moulded foam and headrest/armrest systems.

Broad incumbents

• Johnson Controls International: Global building and automotive seating Tier 1. Listed as a Copo Tier 1 customer; competes broadly on automotive seating foam and headliner content across Copo's served OEMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-copo

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Copo