Oranjewoud and TenCate Thiolon have signed a letter of intent (LOI) in respect of the takeover of Edel Grass, Genemuiden (The Netherlands). The transaction is expected to be concluded after the usual approval procedures and a final study at the beginning of 2008.

TenCate Aerospace & Armor Composites group has signed a Letter of Intent to acquire the armor company Composix Co. (Newark, Ohio, USA). TenCate has been given exclusivity to conduct a final due diligence process. The expectation is that the final share purchase agreement will be completed prior to the end of January 2008.  The purchase is subject to government approval in the United States.

TenCate Grass North America, formerly TC Thiolon, formerly Polyloom, announced a $12-million expansion last week that will create 25 to 30 new jobs in Dayton.
TenCate completed a $10-million expansion less than two years ago that increased the size of its production facility to 175,000 square feet. Now it plans to finish filling the plant with production lines.

TenCate net profit increases by 13% to € 30.5 million up to and including third quarter
 -Expected profit growth 2007 remains at least 25% excl. results on divestments

TenCate has taken note of the fact that the Public Prosecution Department has extended its investigation to include the annual accounts and the tax return for 1995.
In the opinion of TenCate, its annual report and accounts and its tax returns from past years are correct.