Denmark's Fibertex acquires 85% stake in French Tharreau industry

Fibertex nonwovens, a wholly-owned subsidiary of Denmark's Schouw company, agreed to acquire 85% of the shares of the major non-woven fabric manufacturer Tharreau Industries. The price of the agreement is 30 euros per share, which means that the company's total shares are 39.9 million euros.

The agreement is subject to common terms and conditions, including regulatory approval for approval in April 2011. If the transaction is completed as planned, Fibertex Nonwovens plans to submit a mandatory offer to other shareholders of the Thareau industry.

The Tharreau industry is listed on Euronext Paris in Paris. The revenue for 2010 was 53.7 million euros. Other figures for 2010 have not yet been announced. However, the company's historical records show that the company's revenue is good. The company's ebitda margin is usually higher than 10% before taxation, depreciation and amortization.

For the Fibertex nonwovens and the Thareau industry, this acquisition is expected to have tremendous benefits. The combination of these two companies will likely become the leading manufacturer of non-woven fabrics in Europe.