Innoflex raises 200M dirhams, welcomes CDG Invest Growth as shareholder

Innoflex SA has secured a minority investment of 200 million dirhams ($22 million), marking a new phase focused on scaling up and strengthening its regional footprint. Announced on Tuesday, the funding includes 110 million dirhams from CDG Invest Growth and 90 million dirhams from other partners.

This transaction brings CDG Invest Growth into the capital of the Moroccan industrial group, which specializes in polyurethane foam and bedding manufacturing. According to a company statement, the new phase is no longer driven solely by growth, but by structuring, discipline, and long-term planning. It also reflects the ability of a Moroccan industrial player to attract «leading institutional capital».

Founded eight years ago by Mohamed El Yacoubi with an initial investment of 100,000 dirhams, Innoflex has grown into the country’s third-largest player in its sector, employing 450 people and operating two modern production units in Morocco.

The group said the funds will support a «scale-up driven by three key priorities», starting with the expansion of its production capacity, including the construction of a new facility equipped with advanced automation technologies. The aim is to position Innoflex among the largest producers in Africa and the Mediterranean basin.

The company also plans to continue «the institutionalization of the group» by strengthening governance and key functions, while accelerating its commercial development through gradual expansion into new markets, particularly the automotive and premium hospitality sectors.

In parallel, Innoflex has signed a 140 million dirham investment agreement under Morocco’s Investment Charter, reaffirming its commitment to a «modern, innovative, integrated, and competitive» national industry.