Home / Knowledge / News / Textiles / Recticel & Pikolin open negotiations on French bedding JV
Recticel & Pikolin open negotiations on French bedding JV
15
Jun '09
Recticel and Pikolin, the leading manufacturer of bedding in Spain, have opened negotiations for the takeover by Pikolin of 50% of the shares of the French joint venture company COFEL held by Recticel.

COFEL (Compagnie Financière Européenne de Literie s.a.s.) is market leader in bedding in France. It commercialises the brands EPEDA, Merinos and Bultex.

Last year, COFEL had a net turnover of EUR 153 million and produced 1.2 million mattresses and 0.3 million slat bases and bed bases. The group, with its registered office in Paris, has 5 production plants in France (Langeac, Limoges, Noyen, Perriers and Vesoul)and employs a workforce of about 850.

If the negotiations reach a successful conclusion, this means that Pikolin will become full owner of COFEL.

Finally, the assumption is that this transaction will have no impact on employment. The proposed transaction still needs the approval of the French competition authorities. It is also the subject of the social consultation procedures which are foreseen under French law.

Recticel is a Belgian Group with a strong European dimension, but also operates in the rest of the world. Recticel has some 120 establishments in 27 countries. Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications. Recticel achieved sales to a value of EUR 1.6 billion in 2008.

Recticel

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

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

Steve Cole
Xerium Technologies

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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