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TenCate agrees to sell TenCate Enbi

News International-French

14 Jan 2015

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.