GH Private Equity completed the acquisition of Tessutica from Beaulieu International Group.

GH Private Equity, a private equity firm, completed the acquisition of Tessutica, an upholstery fabric mills, from Beaulieu International Group, an industrial group in flooring and material solutions. Financial terms were not disclosed. The business strategy of Tessutica is to focus on market leadership in the premium market segment, which demands continuous investment in infrastructure and product development to secure long-term returns. However, this ongoing investment risks diverting essential resources away from our core high-growth areas, where we see greater potential to establish market leadership.