Sioen Industries and Gamma holding BV (backed by financial sponsors Gilde Buy Out Partners and Parcom Capital Management BV), have announced that Sioen Industries has acquired 100 per cent of the shares of Dimension-Polyant, the world market leader in sailcloth manufacturing.
Sioen industries and Dimension-Polyant have complementary technologies and will, by sharing know-how, create future synergies. Dimension-Polyant's comprehensive product lines deliver high quality sailcloth fabrics including woven performance materials, multi-use laminates and sail membrane components, as well as diversified technical fabrics for industrial and outdoor applications. The sailcloth range includes precision designed fabrics for inshore racing, high tenacity woven styles for offshore cruising, multiple laminates for cruising and racing applications, innovative spinnaker fabrics providing unmatched tear and stretch resistance, and innovative windsurf and kite materials that are the leading edge of the sailcloth market. The technical fabric lines cover a wide range of outdoor sports and industrial products.Sioen Industries and Gamma holding BV (backed by financial sponsors Gilde Buy Out Partners and Parcom Capital Management BV), have announced that Sioen Industries has acquired 100 per cent of the shares of Dimension-Polyant, the world market leader in sailcloth manufacturing. Sioen industries and Dimension-Polyant have complementary technologies and will.#
Both Sioen and Dimension-Polyant are considered to be the leaders and gold standards in quality and innovation in core markets. Dimension-Polyant has a global footprint with two manufacturing facilities (Kempen - Germany and Putnam, Connecticut - US) and several sales offices (France, UK, and Australia), geographically close to its customer base. It has been agreed that the acquisition will take retroactive effect as of January 1, 2016. Dimension-Polyant's budgeted sales for 2016 will be approximately €38 million and 2016 budgeted EBITDA is estimated at €5.7 million. The transaction value is €38 million. (GK)
Fibre2fashion News Desk - India
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