News

  • Geosynthetics for extension Monterey Regional Airport

    monterey regional airport overview

    Extension of the safety zone at Monterey Regional Airport entailed the lengthening of a higher plateau. In the interests of stability, TenCate Miragrid® geogrids were chosen for a robust wall embankment, bearing in mind the proximity of the San Andreas Fault.

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  • Tennessee Acquisition declares its public offer for TenCate unconditional

    Transaction highlights:
    • The Offeror declares its public offer for all TenCate Shares unconditional
    • 85.8% of all issued and outstanding Shares tendered for acceptance
    • All conditions for completion of the Offer have been satisfied or waived
    • Settlement will take place on 29 January 2016
    • Remaining Shares can be tendered in a post acceptance period commencing on 27 January 2016 and ending on 9 February 2016

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  • Percentage of shares tendered under the offer at 85.8%

    TenCate and the Offeror today jointly announce that following 17:40 hours on 21 January 2016, being the Acceptance Closing Time, 23,146,702 Shares had been tendered under the recommended public cash offer by the Offeror or committed to the Offeror subject only to the Offer being declared unconditional, at an increased Offer Price of EUR 26.00  per Share (the "Offer").

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  • Press release Tennessee Acquisition B.V. regarding increased and final offer price of € 26.00 per share

    Increased and final offer price of euro 26.00 per share in TenCate; offer to expire on 21 January 2016

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  • TenCate gives preliminary indication of annual figures 2015

    Based on preliminary reports, TenCate expects to have generated 2015 full-year sales of approximately € 1,160 million (2014: € 1,042 million) and EBITDA (excluding exceptional items) of approximately € 97.5 million (2014: € 84.6 million).

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  • TenCate to give first preliminary indication of 2015 results on 12 January 2016

    TenCate intends to give a first preliminary indication of the results for its 2015 financial year, based on initial reports, before market hours on Tuesday 12 January 2016.

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  • Tennessee acquisition B.V. extends offer period for TenCate until 17:40 hours CET on 14 January 2016


    Utrecht/Almelo, the Netherlands, 21 December 2015 – The Offeror and TenCate hereby jointly announce that the Offeror has decided to extend the Acceptance Period for the recommended public offer for all Shares in the capital of TenCate to 17:40 hours on 14 January 2016, in accordance with the terms and conditions of the Offer Memorandum and the provisions of Article 15 of the Takeover Decree.

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  • Percentage of shares tendered under the offer at 60.55%

    TenCate and the Offeror today jointly announce that following 17:40 hours on 16 December 2015, being the Acceptance Closing Time, 16,334,736 Shares had been tendered under the recommended public cash offer by the Offeror or committed to the Offeror subject only to the Offer being declared unconditional, at an Offer Price of EUR 24.60 per Share (the "Offer").  

    These tendered Shares represent approximately 60.55% of all the Company's issued and outstanding share capital (geplaatst kapitaal), i.e. excluding  475,687  Shares held in treasury by the Company. The Executive and Supervisory Board of TenCate have confirmed to the Offeror that they will not approve a waiver by the Offeror of the minimum acceptance condition (as set out in Offer Condition 3.9(b) (Acceptance Level) included in the Offer Memorandum) if the Acceptance Level is less than 66.7%. Given that the Acceptance Level is 60.55%, the Offer will not be declared unconditional on or before 21 December 2015. The Offeror will announce whether the Offer will be extended or terminated on or before 21 December 2015.

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  • Brabant-Zuidoost firefighters get new firefighting gear based on TenCate materials

    Brabant-Zuidoost firefighters gear

    TenCate Protective Fabrics has received an order for the premium TenCate Millenia™ system from the Sioen Apparel Division in Belgium. This integrated system for personal protection consists of three protective fabrics.  

    It will be used in the approximately 1,100 new units of turnout gear for the firefighters of the Brabant-Zuidoost safety region in the Netherlands. The agreement to this effect was signed 15 December 2015.

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  • CFIUS and DDTC offer conditions satisfied

    TenCate and the Offeror today jointly announce that the Offeror has received notice from the Committee on Foreign Investment in the United States ("CFIUS"), in which CFIUS confirmed that there are no unresolved national security concerns regarding the Offer.  

    This means that Offer Condition 3.9(c) (Committee on Foreign Investment in the United States) included in the Offer Memorandum is satisfied.

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  • TenCate has received no proposals other than from Gilde

    Recent media articles articles have referred to approaches by parties other than Gilde Buy Out Partners. TenCate strongly emphasises that none of these cases included a concrete proposal.  

    As mentioned earlier, Ten Cate has been approached by several parties in recent years, which has never resulted in a concrete offer. Since the announcement of the offer by Gilde, TenCate has not been approached by any other party.

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  • Conditional appointment of offerer nominees to TenCate Supervisory Board

    On Monday, 7 December 2015, the extraordinary general meeting of shareholders of TenCate ("EGM") approved the proposed appointment of Mr. E.J.  Westerink, Mr. J.H.L. Albers and Mr. B.T. Molenaar as members of the Supervisory Board of TenCate. These appointments are conditional on, and take effect upon, Settlement of the Offer.

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  • TenCate amends EGM agenda

    TenCate and Tennessee Acquisition agree that Discharge Resolution is waived as condition to the Offer.

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  • 'No difference between natural grass and synthetic turf'

    geen verschil natuurgras en kunstgras

    Scientific research shows that there is hardly any difference between artificial turf and natural grass. This was the outcome of a Knowledge Congress organized on 3 December by the KNVB, called 'The ideal field'. 

    Questions were raised like 'Is playing on artificial turf competition forgery?' and 'Can playing on synthetic turf increase the risk of injuries?'

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  • TenCate Field in a box™ for community empowerment and sustainable development

    TenCate Field in a Box

    TenCate Field in a box™ connects sports with social, educational and economic objectives. It can contribute to providing employment and help to strenghten the local community. TenCate Field in a box™ also enables TenCate to respond to the UN’s 17 global goals for sustainable development. 

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  • Out now: txtures winter 2015

    txtures winter 2015 cover

    The winter edition of txtures is available.
    Theme: Protecting People in habitats.

    txtures 4 consists of 56 pages with articles regarding the application of materials and systems (geosynthetics and synthetic turf) for infrastructure, water management and leisure.

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  • TenCate moves up in Transparency Benchmark

    JV14

    In the Transparency Benchmark of the Dutch Ministry of Economic Affairs TenCate with 171 points achieved the (shared) 28th place. 

    In the subgroup 'Industry' of the Transparency Benchmark TenCate is now in fourth place, after Akzo, Philips and DSM.

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  • Blast walls with geotextiles

    Blast walls

    The Canadian Forces Ammunition Depot Bedford (Nova Scotia, Canada) houses the ammunition for the ships of the Maritime Forces Atlantic Formation of the Canadian Navy. Several years ago new geosynthetic reinforced blast walls were constructed using TenCate Mirafi® high strength PET geotextiles

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  • Sustainable turf in Medellin

    sustainable grass in medellin news

    In a district of Medellín (Colombia) a remarkable building has been constructed: the UVA Sol de Oriente. The most striking thing about this multifunctional structure is a sports pitch, measuring 55 x 33 metres, which is installed on the roof, with a GreenFields® Slide Max XQ™ synthetic turf system covering it.

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  • Solar Team Twente second in World Solar Challenge and winner Technical Innovation Award

    solar team twente 2015

    The Solar Team Twente (NL) has won a second place in the World Solar Challenge 2015. During the closing ceremony, the Twente team is also awarded the Technical Innovation Award.

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  • Convocation Extraordinary General Meeting 7 December 2015

    EGM Convocation

    EGM Agenda with explanatory notes

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  • TenCate Trading Update Third Quarter 2015

    TenCate recorded sales of € 297 million for the third quarter of 2015 (2014 Q3: € 277 million, organic growth 2%). The group result was especially driven by the strong growth of TenCate Grass. On an organic basis, sales of TenCate Advanced Armour and TenCate Geosynthetics were down.

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  • Recommended cash offer by Tennessee Acquisition B.V. for all issued ordinary shares of Koninklijke Ten Cate N.V.

    Publication of Offer Memorandum

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  • Recent trading developments TenCate

    TenCate consolidated revenues reached € 753 million year-to-date August 2015 (year-to-date August 2014: € 658 million), with EBITA (before exceptional items) at € 43 million (year-to-date August 2014: € 30 million). For the full year 2015, TenCate continues to expect organic sales growth similar to 2014.

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  • TenCate wins contract award for integration of TenCate ABDS™ active blast countermeasure system

    ABDS

    TenCate Advanced Armor in the USA has been selected by the Defense Mobility Enterprise (DME) for its engineering expertise in active blast technology. Under contract via DME, engineers of TenCate will integrate the TenCate ABDS™ active blast countermeasure system onto the U.S. Army Combat Vehicle Prototype.

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  • STATUS UPDATE ON THE INTENDED OFFER BY TENNESSEE ACQUISITION B.V. FOR KONINKLIJKE TEN CATE N.V.

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  • TenCate supplies compression molded parts to Bell 525 Relentless helicopter program

    bell helicopter

    TenCate Advanced Composites, a leading supplier of advanced composite materials for aerospace and industrial applications, has begun production of compression molded parts for the Bell 525 Relentless helicopter program. On July 1st, this program achieved its first flight. At the current time, there are approximately a dozen parts per aircraft in applications ranging from access doors to engine compartment walls.

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  • TenCate records 5% organic sales growth with net profit sharply higher at € 19.3 million

    • Organic sales growth 5% in the first half year of 2015; 2% in the second quarter of 2015
    • Total sales growth 15% in the first half of 2015; 11% in the second quarter of 2015
    • Net Profit before exceptional items € 19.3 million (2014 H1: € 10.0 million)
    • Continuing growth in synthetic turf, TenCate Defender® M and aerospace composites
    • Organic sales decrease at TenCate Geosynthetics and TenCate Advanced Armour
    • Margin improvement from high occupancy and higher gross margins in synthetic turf and from growth in high-margin product categories
    • EBITA* € 33.1 million (2014 H1: € 24.3 million)
    • EBITA margin* 5.8% (2014 H1: 4.9%), second quarter 7.7% (2014 Q2: 6.9%)
    • Restructuring charges TenCate Advanced Armor USA € 1.8 million
    • Divestment of TenCate Enbi and Xennia Technology 
    • Net debt € 224.3 million (2014 H1: € 213.4 million)
    • Net debt / EBITDA ratio 2.63 (2014 H1: 2.87)

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  • GILDE BUY OUT PARTNERS LEADS CONSORTIUM TO MAKE A RECOMMENDED CASH OFFER FOR ALL SHARES OF TENCATE

    Almelo/Utrecht, 20 July 2015 – Royal Ten Cate N.V. and Tennessee Acquisition B.V., a company controlled by a consortium of investors led by Gilde Buy Out Partners and also including Parcom Capital and ABN Amro Participaties, today jointly announce that they have reached conditional agreement on an intended recommended full public offer for TenCate of EUR 24.60 (cum dividend) in cash per ordinary share of TenCate, subject to customary conditions (the Offer). The Offer Price represents a premium of 26.8% to the closing price of 17 July 2015, and a premium of 27.1% to the average closing price for the 12 months prior to and including that date.

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  • New: txtures summer 2015

    The 2015 summer edition of txtures is now available.

    A low-res PDF and summaries of most of the articles can be read here.

    Printed copies can be ordered via royal@tencate.com and +31 546 544 911.

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