Fibertex Makes Bid to Buy Tharreau
March 05, 2011 - Denmark
Fibertex Nonwovens, 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, France, Tharreau Industries has about 135 employees and reported sales of €53.7 million in 2010. It makes needlepunched and spunlaced nonwovens for hygiene, medical, construction and geotechnical applications, according to its website.
Based in Aalborg, Denmark and owned by Schouw &Co., Fibertex Nonwovens split from its personal care division earlier this year. It includes industrial-related operations in Denmark, Czech Republic and South Africa.
Subject to regulatory approvals, the Tharreau purchase is expected to be complete next month.
Based in Chemille, France, Tharreau Industries has about 135 employees and reported sales of €53.7 million in 2010. It makes needlepunched and spunlaced nonwovens for hygiene, medical, construction and geotechnical applications, according to its website.
Based in Aalborg, Denmark and owned by Schouw &Co., Fibertex Nonwovens split from its personal care division earlier this year. It includes industrial-related operations in Denmark, Czech Republic and South Africa.
Subject to regulatory approvals, the Tharreau purchase is expected to be complete next month.