History

About TenCate

TenCate can boast on over three hundred years of entrepreneurship. The company has its roots in Almelo (Ten Cate) and Nijverdal (KSW), going back as far as the end of the seventeenth century.

There are concrete indications that one or more members of the Ten Cate family in Almelo were co-signatories to a request to the Provincial Council of Overijssel (East Netherlands) in 1691 relating to an increase in import duties by England. When the Dutch parliament forbade the import of French and Spanish fabrics on 11 May 1703, nine of the Ten Cates protested and produced a notice of objection. This notice of objection dates from 1704 and is the first official document giving proof of their textile activities.

In 1896, on the heath between Marke Noetsele and the village of Hellendoorn, on the spot where the road from Zwolle to Almelo crossed the River Regge the English machine trader Thomas Ainsworth built a model weaving mill and warehouses for the Dutch Trading Company. He died in 1841. Godfried and Hein Salomonson, the sons of an Amsterdam linen salesman and specialised in buying and selling cotton yarns from England, bought up Ainsworth’s bankrupt estate in 1851, judging it more advisable to demolish the buildings and there they established the first mechanically driven cotton weaving mill in the Netherlands. This was a spectacular investment for the time. King Willem III appreciated this example of entrepreneurship and innovative spirit. On 11 July 1852, he granted Godfried ‘a personal licence’ to bear the royal coat of arms for the steam weaving mill that was to be built. So the KSW (Royal Steam Weaving Mill) became a reality. After several years of preparation and a profit pooling agreement ten Cate Hzn. & Co and the KSW amalgamated to continue as Royal Textile Factories Nijverdal-Ten Cate Ltd. in 1957. It was the first post-war industrial merger in the Netherlands.

During the extensive restructuring of the textile industry at the end of the 1960s and the beginning of the 1970s, the company was able to create new perspectives. Thanks to a sophisticated financial policy and timely switch-over to other technologies, raw materials and applications, TenCate managed to enter new markets. Through ongoing internationalisation and differentiation, the Twente company grew into an industrial company in technical textiles.

After the take-over in 2016 of the company by a consortium of investors led by Gilde Buy Out Partners approval was given for the conversion of TenCate into a private limited liability company: Koninklijke Ten Cate B.V. After having been a listed NYSE Euronext (AMX) listed company for 62 years, delisting took place on 17 March 2016.

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