Home / Knowledge / News / Textiles / Franz Haniel & Cie takes over Bekaert Textiles
Franz Haniel & Cie takes over Bekaert Textiles
09
Jun '15
Franz Haniel & Cie. GmbH (Haniel) said it has completed the acquisition of Bekaert Textiles from Gamma Holding on June 8, 2015. Bekaert Textiles generated sales in excess of €200 million in 2014.

“Bekaert Textiles CEO Dirk Vandeplancke and the management team will continue to lead the enterprise towards continued profitable growth,” Bekaert Textiles said in a press release.

“Bekaert Textiles is an excellent fit for us with its business model and will enrich our portfolio,” Haniel CEO Stephan Gemkow said.

“With our positioning as a family-equity company, we have achieved success in the highly competitive market of corporate transactions,” he added.

Bekaert Textiles is active worldwide with its sales and dedicated production sites and the rising standard of living in emerging markets is a particularly important driver of growth.

In developed regions, the company and its high-quality products benefit from increasing demand for comfort and growing environmental awareness.

Belgium based Bekaert Textiles is recognised as the quality, service and innovation leader in its industry and the acquisition will be fully consolidated in Haniel’s 2015 semi-annual report. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search