Koninklijke Ten Cate NV : TenCate agrees to sell TenCate Enbi
07 January 2015 - 6:05PM
Royal Ten Cate (TenCate) has reached an agreement with Platinum
Equity, a US-based private equity investor, regarding the sale of
TenCate Enbi. The transaction is expected to close in the first
half of 2015. The divestment will be valued at an amount close to
book value. No further financial detail will be provided. The
sale completes the Fix-It / Exit strategy that has focused the
activities of TenCate as a materials technology company on
technical textiles. TenCate Enbi is a supplier of components and
materials to leading companies (original equipment manufacturers)
primarily in the printer and copier markets. TenCate Enbi has
manufacturing facilities in Germany, Hungary, the United States of
America and China.
Royal Ten Cate Almelo, the Netherlands,
Wednesday 7 January 2015
For further information: TenCate corporate Gert Steens,
manager investor relations Telephone : +31 (0)546 544 977 Mobile :
+31 (0)621 597 411 E-mail : ir@tencate.com Internet :
www.tencate.com Royal Ten Cate (TenCate) is a multinational
company which combines material technology and chemical processes
in the development and production of functional materials with
distinctive characteristics. TenCate products are sold worldwide.
Systems and materials from TenCate come under four areas of
application: safety & protection, space & aerospace;
infrastructure and the environment; sport and recreation. TenCate
occupies leading positions in protective fabrics, composites for
space and aerospace, antiballistics, geosynthetics and synthetic
turf. TenCate is listed on the NYSE Euronext (AMX).
Press release as PDF
http://hugin.info/130798/R/1884874/666043.pdf
HUG#1884874
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