Private equity firms buy TenCate to help ‘realis - sportstextiles: Lea SportsTextiles

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Private equity firms buy TenCate to help ‘realise potential’

20/07/2015
A consortium of private equity firms have bought TenCate, a Netherlands-based provider of specialty textiles, with the aim of helping it to “realise its full potential”.

The group, which includes Gilde Buy Out Partners, Parcom Capital and ABN Amro Participaties, will provide financial backing, expertise and support, according to a joint press release.

There will be no restructuring or “significant job losses” as a direct consequence.

TenCate CEO Loek de Vries said: "Both our employees and our customers will benefit from the longer-term horizon the consortium will bring. There is a clear commitment to support our strategy, which means we can invest in our product-market-technology combinations, thereby further strengthening our leading market positions.”

Related stories:

TenCate appoints new CEO 31/08/2016
TenCate to sell technical textile ink business 11/05/2015
Strong first quarter for TenCate 27/04/2015
Xennia says new ink range will suit sports and swimwear 23/03/2015
Better results for TenCate thanks to Defender M demand 20/02/2015
TenCate’s tent fabric surprise 14/01/2015
TenCate protective fabrics selected for firefighters in Dutch region of Twente 19/12/2014
A better quarter for TenCate 24/10/2014
Expansion for TenCate Advanced Composites in the UK 01/10/2014
Dutch textile firms eye ‘Factory of the Future’ 24/09/2014

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