Koninklijke Ten Cate NV : TenCate agrees to sell TenCate Enbi
January 07 2015 - 2:01AM
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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Ten Cate NV via Globenewswire
HUG#1884874
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