7 January 2015
TenCate agrees to sell TenCate Enbi
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.
Download: 150107 Press release TenCate regarding agreement to sell TenCate Enbi
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