DGAP-News: Franz Haniel & Cie. GmbH: Haniel acquires Bekaert Textiles from Gamma Holding


DGAP-News: Franz Haniel & Cie. GmbH / Key word(s):
Acquisition/Strategic Company Decision
Franz Haniel & Cie. GmbH: Haniel acquires Bekaert Textiles from Gamma
Holding

22.04.2015 / 13:01

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Press Release

Haniel acquires Bekaert Textiles from Gamma Holding:
Leading global specialist of mattress fabrics amends Haniel portfolio

Duisburg, 22 April 2015. Franz Haniel & Cie. GmbH (Haniel) acquires Bekaert
Textiles Holding II B.V. (Bekaert Textiles) from Gamma Holding, a holding
Company owned by Gilde Buy Out Partners and Parcom Capital Management
(Parcom). The company specialises in the production of mattress fabrics and
generated sales in excess of EUR 200 million in 2014. This makes Bekaert
Textiles the world's leading company in this market.

With its business model, Bekaert Textiles is an outstanding match for
Haniel's set of acquisition criteria. Supported by global trends, the
company shows potential for a long-term, sustainable growth and value
creation. "As a family-equity company, Bekaert Textiles allows us a first,
but important step to diversify our current portfolio", explains Haniel CEO
Stephan Gemkow. "We are pleased that under the new guidance of Haniel,
Bekaert Textiles will be able to continue its successful course of the
previous years with new options for growth. We wish the company, its
management and shareholders the very best for the future", says Jan Albers,
CEO of Gamma Holding.


Global operations

Bekaert Textiles, headquartered in Waregem (Belgium) is active in all major
regions of the world with its sales and dedicated production sites. Core
sales regions are Europe at 35 per cent, the Americas at 50 per cent as
well as Asia/Pacific. Besides the increasing populations, especially in
emerging markets, the rising standard of living in these regions is a
particularly important driver of growth. In developed regions, the company
and its high-quality products benefit from the increasing demand for
comfort and increasing environmental awareness. Bekaert Textiles is
recognized as the quality, service and innovation leader in its industry.


Top management keeps hand on the tiller

The management team has extensive market and industry knowledge as well as
an outstanding reputation. Gemkow: "We are delighted that the management
welcomed our acquisition and want to continue the development of Bekaert
Textiles' business together with us." "This shift in shareholder is good
news for Bekaert Textiles' employees and our customers as this transaction
fully supports our continued growth strategy and does not impact companies'
employees nor its operations." says Dirk Vandeplancke, CEO of Bekaert
Textiles.

It was agreed not to disclose details of the takeover. The transaction is
subject to antitrust approval.
Further information on Bekaert Textiles can be found in the attached
factsheet.


For further information, please contact:

Haniel
Director Communications: Dietmar Bochert at dbochert@haniel.de
+49 (0)203 806 578

Gilde Buy Out Partners 
Director Investor Relations: Koos Teule at Teule@gilde.com
+31 (0)88 220 26 18


About Haniel

Franz Haniel & Cie. GmbH is a German family-equity company which has been
headquartered in Duisburg-Ruhrort since it was founded in 1756. The 100 per
cent family-owned Holding Company manages its diversified portfolio from
there and pursues a long-term investment strategy as a value developer.
Haniel's portfolio currently consists of four divisions which are
responsible for their own operating business and which hold market-leading
positions in their fields of expertise: CWS-boco and ELG (wholly owned
investments), TAKKT (majority investment) and METRO GROUP (minority
investment).
For more information, visit www.haniel.com.


About Gilde Buy Out Partners 

Gilde Buy Out Partners is a leading European private equity investor in
mid-market transactions with operations in the Benelux and the DACH region.
Gilde manages funds in excess of EUR 2 billion and controls majority
shareholdings in, amongst others, companies like CID Lines, Axa Stenman,
Comcave, Spandex, Eismann, Teleplan, Powerlines and HG. For more
information, please visit www.gilde.com.


About Parcom Capital 

Parcom Capital is a leading mid-market private equity firm in the Benelux
with a mid- to long-term investment horizon focused on distinctive value
creation strategies. It was founded in 1982 as one of the first buy-out and
expansion capital providers in the Dutch market. Over the past 30 years,
Parcom Capital invested directly in more than 75 (international) companies,
was involved in numerous add-ons and helped multiple management teams in
realizing their growth ambitions. For more information please visit
www.parcomcapital.com



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22.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                    
Company:     Franz Haniel & Cie. GmbH                                   
             Franz-Haniel-Platz 1                                       
             47119 Duisburg                                             
             Germany                                                    
Phone:       +49 (0)203 806 578                                         
Fax:         +49 (0)203 806 80 578                                      
E-mail:      dbochert@haniel.de                                         
Internet:    www.haniel.de                                              
ISIN:        XS0482703286, XS0459131636                                 
WKN:         601960, A1A6NE                                             
Listed:      Regulated Market in Hanover; Regulated Unofficial Market   
             in Berlin, Dusseldorf, Hamburg, Stuttgart; Open Market in  
             Frankfurt                                                  
 
 
End of News    DGAP News-Service  
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