Home / Knowledge / News / Textiles / Gamma Holding sells Vlisco Group
Gamma Holding sells Vlisco Group
Sep '10
On 7 September, Gamma Holding sold Vlisco Group to Actis, an emerging markets private equity investor, for an amount of € 118 million. The real estate in Helmond, Netherlands, will remain the property of Gamma Holding and will be let out to Vlisco Group. A long-term lease with a market-rate rent, to be indexed annually, has been agreed.

In 2009 the activities sold represented an annual turnover of € 168.3 million and EBITDA 1 excluding restructuring expenses of € 28.2 million. Vlisco Group has 2,103 employees. The sale will not have any impact on jobs. The Works Councils concerned have issued a positive opinion regarding the takeover.

Actis manages $ 4.8 billion for over 100 institutional investors and invests in various emerging markets, including Africa. Jan Albers, chairman of the Executive Board of Gamma Holding: 'Due to its strong local African presence, Actis is excellently placed to successfully pursue Vlisco Group's growth strategy and to safeguard the continuity of the company.

In this respect, Actis will continue the transformation already under way toward a brand-oriented organisation and maintain the current production locations in the Netherlands, Ghana and Cote d'Ivoire. In this way, we have been able to do justice to the interests of all stakeholders.'

With the sale of Vlisco Group, Gamma Holding will improve its debt position. The book profit to be realised and the resulting shortening of the balance sheet will more than double the solvency of the company from 13.5% at 30 June 2010 to approximately 30% at 31 December 2010.

With regard to the business units Ammeraal Beltech, Clear Edge Filtration, Dimension-Polyant and Bekaert Textiles, Gamma Holding will continue to focus on optimising business processes and strengthening market positions. Improving the balance sheet ratios has increased Gamma Holding's financial strength.

Gamma Holding will publish its trading update on the third quarter of 2010 before the opening of the stock exchange on Friday 29 October 2010.

Gamma Holding N.V.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

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

Pranav Mishra

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search