Announced
Financials
Sources
Tags
Netherlands
Pending
textiles
Majority
Acquisition
Textile Products
Cross Border
Single Bidder
Friendly
Private
Synopsis
DBAG-backed Heytex, a manufacturer of heavy-duty fabrics, agreed to acquire TenCate Outdoor, a manufacturer of technical textiles primarily focused on tent and sun awnings market. Financial terms were not disclosed. "With this company acquisition, we strengthen our base with special technological knowledge and complete our product portfolio. Last but not least, the company acquisition enables us to gain efficiency through synergies in purchasing and sales," Hans-Dieter Kohake, Heytex Chairman.
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