Home / Knowledge / News / Textiles / Fibertex agrees to buy 85% stake in Tharreau Industries
Fibertex agrees to buy 85% stake in Tharreau Industries
Mar '11
Fibertex Nonwovens, a wholly-owned subsidiary of Schouw & Co., has agreed to acquire 85% of the shares in Tharreau Industries, a French manufacturer of nonwovens, from the company's principal shareholder. The agreed selling price is EUR 30 per share, implying a price of EUR 39.9 million for all shares in the company.

The agreement is subject to ordinary terms and conditions including regulatory approval, which is expected in April 2011. If the transaction is completed as planned, Fibertex Nonwovens intends to submit a mandatory tender offer to the other shareholders of Tharreau Industries.

Tharreau Industries is listed on NYSE Euronext Paris and generated revenue of EUR 53.7 million in 2010. No other 2010 figures have been released at the present time, but the company has historically generated good earnings with its EBIT margin normally above 10% and it has traditionally maintained limited gearing.

The acquisition is expected to generate substantial synergies for both Fibertex Nonwovens and Tharreau Industries and, combined, the two companies will have the potential to create Europe's leading manufacturer of industrial nonwovens.

The acquisition is expected to contribute favourably to Schouw & Co.'s 2011 financial results. Additional information is expected to be provided no later than in the Q1 2011 interim report.

Schouw & Co.'s 2010 Annual Report is scheduled for release on Thursday, March 10, 2011.

Fibertex Nonwovens

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Eric Scholler

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

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi

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


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search