Gamma Holding explores possible sale of Vlisco Group
(Thomson Reuters ONE) -
Gamma Holding has recently been approached by various parties that have shown an
interest in acquiring the activities of Vlisco Group. The possibility of such a
transaction - in a manner that does justice to the interests of all stakeholders
- is currently being discussed with one of these parties. The starting point is
that production at the current sites will be continued. The study into the
possible sale of Vlisco Group is in line with Gamma Holding's strategy to
strengthen its financial position.
Vlisco Group designs and produces colourful dyed and printed contemporary
African fabrics using a batik process developed in-house. The high-quality
fabrics are intended primarily for the top and middle segments of the West
African market, where the business unit has been operating successfully for over
a century.
Executive Board of Gamma Holding N.V.
Helmond, 16 July 2010
Profile
Gamma Holding is active in 42 countries with some 6,500 employees and consists
of five business units: Ammeraal Beltech, Clear Edge Filtration,
Dimension-Polyant, Bekaert Textiles and Vlisco Group. These business units
develop, manufacture and sell innovative, high-quality products throughout the
world, varying from process and conveyor belts and filtration products to
sailcloth, mattress ticking and African fashion fabrics. With these activities,
the business units of Gamma Holding hold prominent market positions worldwide.
The Company's headquarters are located in Helmond (Netherlands) and its shares
are listed on Euronext Amsterdam.
For more information, seewww.gammaholding.com.
[HUG#1432245]
Click here for pdf file: http://hugin.info/130740/R/1432245/378481.pdf
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Source: Gamma Holding NV via Thomson Reuters ONE
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Datum: 16.07.2010 - 13:01 Uhr
Sprache: Deutsch
News-ID 24044
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Town:
Helmond
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