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: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Anvita Mehra
Confidential Couture

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

Binoy Ravjani
Hero's Fashion

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

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

Sonam & Paras Modi

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search