Gilde buys stake in innovative textile products producer

30 Jun '10

2 min read

The Executive Board of Gamma Holding has taken note of the press release of Gilde Buy Out Partners ('Gilde') of 18 June 2010, in which Gilde announces that on 17 June 2010 it acquired 1,456,859 shares in the share capital of Gamma Holding, corresponding to a stake of approximately 19%, at a price of € 18.65 per share.

The Executive Board of Gamma Holding was not involved in these transactions. In the press release Gilde states that as a significant shareholder it is keen to support Gamma Holding and that its focus is on the long term. The Executive Board of Gamma Holding will shortly contact Gilde in order to ascertain how Gilde envisages giving shape to this long-term involvement.

Gamma Holding is active in 42 countries with some 6,500 employees and consists of five business units: Ammeraal Beltech, Clear Edge Filtration, Dimension-Polyant, Bekaert Textiles and Vlisco Group. These business units develop, manufacture and sell innovative, high-quality products throughout the world, varying from process and conveyor belts and filtration products to sailcloth, mattress ticking and African fashion fabrics. With these activities, the business units of Gamma Holding hold prominent market positions worldwide. The Company's headquarters are located in Helmond (Netherlands) and its shares are listed on Euronext Amsterdam.

Gilde Buy Out Partners

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