Home / Knowledge / News / Textiles / Thierry repurchases Fezko a manufacturer of automobile textiles
Thierry repurchases Fezko a manufacturer of automobile textiles
22
May '08
Michel Thierry Group repurchases the Czech corporation Fezko A.S., manufacturer of textile automobile in strong growth.

The new group one will be present with the biggest world-wide car manufacturers and will realize a sales of 300 M€.After the establishments to Mexico,in Turkey and Russia, the acquisition of the group Fezko A.S. is an essential step in the framework of the new deployment of Michel Thierry Group.

This acquistion will allow for him to widen his wallet of customers, to reinforce his establishment in Central Europe and to develop his offer produces. The thus constituted group will be able to profit also of the expertise of the teams of Fezko and of Michel Thierry to become quickly the world-wide reference in the domain of the textile automobile.

The merger between the two corporations will give birth to a world-wide leader of textile for the automobile, a synergy operation that will bring a lot of added values just as well to the builders as to the assistants and shareholders of the new entity.

Fezko A.S., of which the production sites are situated to Strakonice in Czech Republic and to Zilina in Slovakia, is the first supplier low-cost of textile for the automobile in Central Europe.

Michel Thierry Group and the corporation Stark B.V., possessor of Fezko A.S., concluded the buyback of Fezko A.S. The effective realization of the transaction again is subjected to the authorization of Czech authorities and is foreseen in the summer current 2008. In the contract framework, Stark B.V. has the possibility to become a minority shareholder of Michel Thierry Group.

Michel Thierry Group


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search