Textiles and fabrics
SIOEN ACQUIRES A SET OF ASSETS OF TECHMA COATINGS (SEYNTEX GROUP)
Tielt, 3 May - 2019
Sioen Fabrics, a company of the Sioen Industries group, and Seyntex signed an agreement regarding the purchase of assets of Techma Coatings.
The agreement includes acquisition of part of the production equipment, the customer portfolio, product formulations and production methods. Techma Coatings, part of the Seyntex group, develops and manufactures PU, PVC and silicon-coated breathable laminated textiles for rain-, sports- and workwear, high-tech applications, medical and healthcare, tents and tarpaulins.
Seyntex has decided to divest its coating activities in order to focus on its core activities which consists of development, production and marketing of protective high-tech clothing with ballistic, knife or spike protection, fire protection, protection against chemical, biological, radiological and nuclear hazards, protection against severe weather conditions.
With this acquisition Sioen Fabrics will reinforce its position in the market of the technical coated fabrics for mattress covers, apparel and small structures and tents amongst others.
For further information: www.sioen.com