Home / Knowledge / News / Apparel/Garments / DBApparel buys selected assets of hosiery company Vatter
DBApparel buys selected assets of hosiery company Vatter
31
Mar '09
Nur Die Group, a subsidiary of DBApparel, an affiliated portfolio company of Sun European Partners, LLP, announced that it has acquired selected assets of Vatter GmbH. Vatter, a hosiery company and major supplier to the Nur Die Group, filed for insolvency in July 2008. In the acquisition agreement, Nur Die has agreed to transfer the assets acquired to a new company called Belfein GmbH which will operate as a subsidiary of Nur Die.

David Donnelly, CEO of Nur Die, stated, "This is positive news for both Nur Die and the new company Belfein. The agreement reinforces the Nur Die supply chain and gives a competitive market advantage to the Group given Belfein's high quality production capabilities. Further, the agreement provides employment opportunities for the majority of the former Vatter employees."

Philip A. Dougall, Managing Director of Sun European, stated, “We are delighted to support Nur Die in strengthening its supply chain through the acquisition of Vatter and will continue to support the strategic objectives of the wider DBA group.”

Belfein will operate a knitting facility in Schongau and a finishing plant in Cadca, Slovakia, employing in total approximately 750 employees. A second finishing site of Vatter, based in Rheine, and employing about 40 people, will not be taken over by Belfein and will be closed by the end of March 2009.

The Nur Die Group is a major marketer of hosiery, socks and intimate apparel under the brands "Nur Die", "Elbeo", and "Bellinda" in Germany and Eastern Europe and is a subsidiary of DBA, the largest marketer of intimates (women), underwear (men), and legwear in Europe.

Sun European Partners, LLP has an office in London and affiliates with offices in Frankfurt and Paris, and is the European adviser to Sun Capital Partners, Inc., a leading US-based private investment firm focused on control investments in market–leading companies that can benefit from its in–house operating professionals and experience.

DBApparel


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search