Sioen Industries has acquired 100 per cent of the shares of the James Dewhurst Group. With the acquisition, Veranneman Technical Textiles, a division of Sioen Industries, reinforces its position in the market of reinforcement textiles and completes its product range. The new configuration offers a full range of woven, laid and laminate scrims and fabrics.
This transaction has a value of £ 44 million.Sioen Industries has acquired 100 per cent of the shares of the James Dewhurst Group. With the acquisition, Veranneman Technical Textiles, a division of Sioen Industries, reinforces its position in the market of reinforcement textiles and completes its product range. The new configuration offers a full range of woven, laid and laminate scrims and fabrics.#
James Dewhurst is a leading manufacturer of technical textiles and Europe’s largest producer of open construction laid scrims with production facilities both in the UK and the USA. James Dewhurst’ s customers add those scrims to their products primarily to provide strength, reinforcement and stability, as well as to assist the customer’s production process, add weight to the final product or to provide flexibility or electrical conductivity. James Dewhurst is currently active in building and construction, industrial, geotextiles, health and hygiene, packaging and transport.
James Dewhurst Group has successfully developed a proprietary manufacturing technology that allowed it to establish a market leading position in the supply of open construction laid scrims.
Sales for James Dewhurst Group are forecasted to be £ 40 million with forecasted EBITDA margin of approximately £ six million. Sioen Industries expects to take control as of early June 2017. (SV)
Fibre2Fashion News Desk – India
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