NEVEON

What NEVEON does

NEVEON is an integrated polyurethane foam manufacturer producing flexible, composite, and specialty foams in over 300 quality grades across 12 core product lines (foam.classic, foam.comfort, foam.protect, foam.memory, foam.hybrid, foam.sensitive, foam.light, foam.soft, foam.laminate, foam.filter, foam.sealing, material.composite). The company was formed in February 2021 by consolidating six legacy foam businesses under the Greiner Group umbrella and operates 34 production and distribution locations across Europe, Asia, and North America, with headquarters in Vienna and a registered office in Kremsmünster, Austria. NEVEON serves three business units — Living & Care (bedding, upholstery, medical and care products), Mobility (automotive, aviation, railway seating and interiors), and Specialties (insulation, acoustics, filtration, sports, construction, packaging) — supplying OEMs, Tier 1 suppliers, and industrial processors across more than 30 countries.

The company's revenue model is built on B2B enterprise sales with quote-based pricing tailored to customer specifications, complemented by an e-commerce webshop for cut-to-size foam. Sales are executed through International Key Account Managers (IKAMs) and product managers under multi-year contracts. The technical platform spans block foam production, molded foam, converting, assembly, additive manufacturing of TPU (3D printing), and recycling via Repolyol technology that achieves up to 80% recycled polyol content. Differentiated capabilities include flame-retardant graphite foam (foam.protect deflammo) meeting BS 5852 Crib 5 without halogenated additives, sustainable hybrid foam (foam.hybrid eNdura) with approximately 70% lower production emissions, and REDcert2, OEKO-TEX, and CertiPUR certifications that anchor the company's positioning in ESG-sensitive procurement environments. Notable 2025 strategic moves include the LOOP-it joint venture with BRANTNER green solutions for mattress recycling and the appointment of Henning Frings as CEO effective August 1, 2025.

Name

NEVEON

Legal name

NEVEON Holding GmbH

Website

https://neveon.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NEVEON is an integrated polyurethane foam manufacturer producing over 300 foam grades across bedding, automotive, aviation, railway, medical, construction, and sports applications, operating 34 production sites in Europe, Asia, and North America as a wholly-owned subsidiary of Greiner Group.

Ownership category

akta.pro rank

Product category

Polyurethane Foam Manufacturing

NAICS

Urethane and Other Foam Product (except Polystyrene) Manufacturing (326150), Mattress Manufacturing (33791)

SIC

Plastics Foam Products (3086)

akta.pro primary industry

Polyurethane (PU) Flexible Foam Manufacturing (IMANAIAC)

akta.pro secondary industries

Foam Conversion & Fabrication (Cutting, Laminating, CNC, Packaging Inserts) (IMANAIAJ), Foam Plastics (EPS/PU/PE) Manufacturing (IMANAOAJ), Polymer Foams & Cellular Materials (PU Foams, EPS/XPS, Structural Foams) (IMAEANAL)

Keywords

• Polyurethane foam manufacturing
• Foam products
• Mattress foam components
• Automotive foam interiors
• Industrial foam materials

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polyurethane Foam Products: Manufacturing and sale of polyurethane flexible and composite foams in over 300 qualities. Products sold as blocks, sheets, rolls, molded foams, and customized blanks. Revenue generated from direct sales to manufacturers, processors, and retailers across multiple industries.
2. Processed Foam Products: Further processing of foams into finished and semi-finished products including mattresses, toppers, pillows, seating components, insulation systems, filtration products, and packaging solutions. Custom solutions from prototype to series production.
3. Custom Manufacturing Services: Scalable manufacturing services from prototype phase through large-scale production, including converting, assembly, and 3D printing capabilities. One-stop shop approach for foam processing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

NEVEON manufactures polyurethane flexible and composite foams in over 300 quality grades, producing foam blocks, sheets, rolls, molded foams, and customized blanks. The company further processes foams into finished and semi-finished products such as mattresses, toppers, pillows, seating components, insulation systems, filtration products, and packaging solutions, serving Living & Care, Mobility, and Specialties industry segments.

Product overview

NEVEON is an integrated foam company producing polyurethane flexible and composite foams in over 300 qualities. The company operates through two business units: Living & Care (bedding, upholstery, medical/care products under murea and benea series) and Mobility & Specialties (automotive, aviation, railway under crom and aira series, plus insulation, sports, acoustics, filtration, construction, packaging, and consumables). The product portfolio includes 12 core foam types (foam.classic, foam.comfort, foam.protect, foam.memory, foam.hybrid, foam.sensitive, foam.light, foam.soft, foam.laminate, foam.filter, foam.sealing, material.composite), supplemented by technology services (3D Printing TPU, foam production, converting, assembly) and branded product lines (siro insulation, kinea sports, akao acoustics, murea bedding, benea upholstery, aira aviation, crom automotive). The company was created in February 2021 as part of the Greiner Group and operates 34 locations across Europe, Asia, and North America.

Differentiator

Problem solved

Functional benefit

Brands

• foam.classic: Standard foams with good air permeability and regular cell structure
• foam.comfort
• foam.protect
• foam.memory
• foam.hybrid
• foam.sensitive
• foam.light
• foam.soft
• foam.laminate
• foam.filter
• foam.sealing
• material.composite
• siro
• kinea
• akao
• aira
• murea
• benea
• crom
• sian
• moiro

Products and services

• foam.classic Standard foam products with good air permeability and regular cell structure, available in various densities and compression hardnesses for bedding, furniture, and industrial applications.
• foam.comfort Permanently elastic high-resilience foams with three-dimensional honeycomb-modeled cell structure offering point elasticity and air permeability for mattresses, toppers, and seating applications.
• foam.protect Specialty foams offering custom protection including flame-retardant variants meeting BS 5852 Crib 5 and MVSS 302 standards, plus electrically conductive and antistatic foams for safety-critical applications.
• foam.memory Temperature-sensitive open-pore visco-foam that adapts to body contours, relieves pressure, and promotes blood circulation for mattresses, pillows, and medical applications.
• foam.hybrid Innovative hybrid foams combining properties of different materials, including eNdura (sustainable, ~70% fewer emissions), verde (~20% castor oil content), and Xdura (30% lighter, extreme robustness) variants.

Quantifiable outcome

• 70% fewer emissions in foam.hybrid eNdura production vs conventional HR foam cores
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and strategic.

• Greiner GroupcoreOthers · 1 January 2025NEVEON is a wholly-owned subsidiary and part of the Greiner Group, a leading global manufacturer of plastics and foams based in Austria. Greiner Group provides corporate oversight and strategic direction.
• BRANTNER green solutionsstrategicStrategic or Co-development Partner · 1 January 2025Joint venture LOOP-it founded in early 2025 - Austria's first company dedicated to mattress recycling. Goal to conserve natural resources and sustainably promote circular material flows.
• TENCELcoreTechnology or IntegrationPartnership for TENCEL Lyocell fibers integrated into foam.comfort cellpur. Bio-based cellulose particles absorb twice as much moisture as comparable PU foams. Fibers obtained from wood - renewable raw material.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• FXI: FXI manufactures foam products for bedding, furniture, healthcare, transportation, and industrial uses in North America. It is comparable to NEVEON through its focus on polyurethane foam innovation, comfort materials, and converted foam components.
• Trocellen: Trocellen manufactures polyolefin foam solutions for automotive, construction, insulation, sports, and industrial applications. It is comparable to NEVEON's technical foam and sports/construction solutions, though it focuses on different foam chemistries.
• UFP Technologies: UFP Technologies designs and manufactures engineered foam, plastic, and composite components for medical, packaging, automotive, aerospace, and industrial markets. It is comparable to NEVEON's custom converting and specialty foam business, though UFP is more focused on engineered components than upstream foam production.
• Carpenter Co. Carpenters manufactures polyurethane foams and related cushioning, bedding, furniture, packaging, and automotive materials. It is highly comparable to NEVEON because both produce and convert flexible foam products for comfort and industrial applications at global scale.
• Woodbridge: Woodbridge develops and manufactures polyurethane foam systems and products, especially for automotive seating, interiors, and engineered applications. It is comparable to NEVEON's Mobility business, which serves automotive, aviation, and rail seating and interior foam needs.
• The Vita Group: The Vita Group is a European producer of flexible polyurethane foam products for comfort, technical, automotive, and industrial markets. It is a close peer because it overlaps with NEVEON in PU foam production, bedding/furniture applications, and specialty engineered foam solutions.

Broad incumbents

• Armacell: Armacell produces flexible foam insulation and engineered foam materials used in building equipment, industrial insulation, transportation, and energy applications. It is comparable to NEVEON's siro insulation and specialty technical-foam lines, but operates as a broader insulation incumbent.
• Recticel: Recticel is a European industrial group with strong historical and current exposure to polyurethane-based insulation and engineered foam-related materials. It is comparable as an established European foam and insulation incumbent, although its portfolio is broader and less centered on NEVEON's full PU comfort-foam range.
• Zotefoams: Zotefoams manufactures lightweight cellular foam materials used in transportation, packaging, sports, medical, and industrial applications. It is comparable through specialty foam materials and high-performance lightweight applications, although its process and polymer focus differ from NEVEON's PU-heavy portfolio.

Regional players

• Sheela Foam: Sheela Foam manufactures polyurethane foam, mattresses, and comfort products, with a strong presence in India and other selected markets. It is comparable to NEVEON's Living & Care bedding and PU foam activities, but primarily competes from a different regional base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 NEVEON