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

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

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

Bani Batra

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

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
March 2017

March 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