Home / Knowledge / News / Textiles / Fibertex negotiates buyout of a 85% stake in Tharreau
Fibertex negotiates buyout of a 85% stake in Tharreau
05
Mar '11
Fibertex Nonwovens, a wholly owned subsidiary of Schouw & Co., has entered into exclusive negotiations with the principal shareholder of Tharreau Industries, a French manufacturer of nonwovens, to acquire 85% of the shares in the company.

Based in Chemille in western France, Tharreau Industries has about 135 employees. The company is listed on NYSE Euronext Paris and generated revenue of DKK 400 million (EUR 53.7 million) in 2010. No other 2010 figures have been released at the present time.

The negotiations are expected to be completed within the coming two weeks. The transaction will also be subject to compliance with a number of customary formalities. If the transaction is completed as expected, Fibertex Nonwovens intents to submit a mandatory offer to the other shareholders of Tharreau Industries.

Tharreau Industries is a well-managed company with strong know-how and capabilities, especially in relation to the auto industry where it holds a leading position and has strong relations with key customers.

Additional details will be published if the deal is completed.

Schouw & Co.'s 2010 Annual Report is scheduled for release on Thursday, March 10, 2010.

Fibertex Nonwovens

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

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

Steve Cole
Xerium Technologies

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

Bani Batra

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

Pranav Mishra
Huemn

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 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