ALMELO, Netherlands, Jan. 7, 2015 (GLOBE NEWSWIRE) - 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. Royal Ten Cate Almelo, the Netherlands, Wednesday 7 January 2015 For further information: TenCate corporate Gert Steens, manager investor relations Telephone: +31 (0)546 544 977 Mobile: +31 (0)621 597 411 E-mail: Internet: Royal Ten Cate (TenCate) is a multinational company which combines material technology and chemical processes in the development and production of functional materials with distinctive characteristics.
TenCate products are sold worldwide. Systems and materials from TenCate come under four areas of application: safety & protection, space & aerospace; infrastructure and the environment; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, antiballistics, geosynthetics and synthetic turf. TenCate is listed on the NYSE Euronext (AMX).
Press release as PDF HUG#1884874.
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LOS ANGELES (Jan. 7, 2015) – Platinum Equity today announced it has signed a definitive agreement to acquire Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”). The transaction is expected to close during the first half of 2015. TEN CATE ENBI INC. TEN CATE ENBI INC. 1703 MCCALL DR SHELBYVILLE IN 46176 United States. FIND PROSPECTS EASILY Gain access to a list of prospect companies (and their executives) with related activities or localities. View the file.
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Should you have any questions please do not hesitate to contact us:. Platinum Equity said Friday it completed its buy of Ten Cate Enbi. Financial terms weren’t announced. The deal was announced in January. Royal Ten Cate was the seller. Enbi is a provider of paper transport, fusing and image transfer rollers for the office equipment market. PRESS RELEASE LOS ANGELES, CA–(Marketwired – Apr 3, 2015) – Platinum Equity today announced it has completed the acquisition of Ten Cate Enbi (“Enbi”) from Dutch multinational Royal Ten Cate (“TenCate”).
Financial terms were not disclosed. Enbi is a supplier of paper transport, fusing and image transfer rollers, focusing primarily on the office equipment market.
Enbi serves its customers through strategically placed manufacturing facilities in North America, Europe and Asia. Platinum Equity is working closely with Enbi to ensure a seamless transition. Platinum Equity is a global private equity firm currently investing from a $3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm’s operational expertise. The firm has a highly specialized focus on business operations and extensive owning and operating businesses that have been acquired from large corporate parent companies. Transactions Platinum Equity completed in 2014 included carve outs from Volvo, Telstra and Bemis. About Platinum Equity Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013.
Platinum Equity specializes in mergers, acquisitions and operations — a trademarked strategy the firm calls M&A&O — acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.