Koninklijke Ten Cate NV

May 04, 2011 02:12 ET

TenCate Protective Fabrics Expands Its Market Presence in US and Canada

ALMELO, NETHERLANDS--(Marketwire - May 4, 2011) - TenCate Protective Fabrics Americas, the market leader in protective fabrics for the Fire Service, Industrial and Defense markets, has reached an agreement regarding an asset transaction with Difco Performance Fabrics Inc. in Montreal (Quebec, Canada). This transaction will further increase the commercial presence and manufacturing activities of TenCate in the US and Canadian protective fabrics markets.

Among the assets being purchased by TenCate are all of Difco's brand names and other intellectual property associated with Difco's protective fabrics product portfolio. This transaction is in line with the strategy of TenCate to expand its activities in these markets both geographically and through a broadening of its product portfolio.

Difco is a recognised producer of protective fabrics in the Canadian and North American markets. This strategic transaction will be an important step for TenCate Protective Fabrics in the formation of a stronger presence in the Canadian protective fabrics market in particular and throughout North America as a whole. This transaction will lead to a larger market share for TenCate in the aforementioned regions, as a result of a broader product offering and enhanced innovation capabilities to meet the market's evolving needs.

The purchase process should be completed in the next few weeks. No financial details will be published in this stage.

Royal Ten Cate

Almelo, the Netherlands, Wednesday, 4 May 2011

TenCate Protective Fabrics is a world leader in the design, development, production and commercialization of protective and safety fabrics for industry, services, firefighting and defense. TenCate Protective Fabrics has establishments in North America, Europe, South America and Asia. More information on: www.tencateprotectivefabrics.com

Royal Ten Cate (TenCate) is a multinational company which combines textile technology with related chemical processes and material technology in the development and production of functional materials with distinctive characteristics. Products of TenCate are sold worldwide. Systems and materials from TenCate come under four areas of application: safety & protection, space & aerospace, infrastructure & the environment, and sport & 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).

Difco Performance Fabrics Inc. is one of Canada's largest textile manufacturers. It supplies leading manufacturers with a wide range of high-performance fabrics that are used in the production of protective garments and a variety of industrial end use and specialty product applications. More information on: www.difcoperformance.com

Press release as PDF: http://hugin.info/130798/R/1512161/447693.pdf

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Contact Information

  • For further information:

    Royal Ten Cate
    Frank Spaan
    Corporate Director, Business Development & Investor Relations
    Telephone: +31 546 544 977
    Mobile: +31 6 129 617 24
    E-mail: Email Contact
    Internet: www.tencate.com