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

Pic: Shutterstock

Textiles | On 23rd Jul 2019

World cotton trade and stocks higher in 2019-20: USDA

Global cotton trade in 2019-20 is forecast at 44.2 million bales, 7.5 ...

Pic: PR Newswire

Textiles | On 23rd Jul 2019

APPG for sustainable clothing, textiles launched in UK

An All Party Parliamentary Group (APPG) has been formed by British...

Pic: ACIMIT

Textiles | On 23rd Jul 2019

Italian textile machine manufacturers find success at ITMA

The 18th edition of ITMA, the global textile machinery tradefair...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


July 2019

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

news category


Related Categories:

Advanced Search