WAALWIJK, The Netherlands, Feb. 4 /CNW/ - Desso Group BV, with
headquarters based in the Netherlands, today owned by NPM Capital and
current management, announces that NPM Capital and Desso's Management
Board have the intention to sell the company to Bencis Capital
Partners, whereby the current management will continue to invest in the
company. This intended transaction will take place under certain
conditions, including that the relevant competition authorities approve
this transaction and that financing by the banks will be approved. The
relevant Works Councils have received this planned decision for review
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Stef Kranendijk, CEO Desso Group: "In NPM Capital we have an excellent
shareholder, who has always actively supported the Management Board in
the execution of its plans. Despite the economic crisis, Desso's market
share and profitability have developed from year to year very favorably
over the past four years. We thank NPM Capital for the terrific
cooperation over the past four years."
Thanks to its focus on innovation and sustainability, Desso is renown
for its exceptional designs, its unique Cradle to Cradle(R) approach
and its patented products such as Desso AirMaster(R) (which reduces
fine dust in the air), Desso EcoBase(R) (which enables complete
upcycling of carpet tiles) and Desso GrassMaster(R) (soccer pitches of
natural grass strengthened by artificial grass, which are present in
the top stadiums of the world, most recently installed at Wembley). In
addition, Desso is considered to be one of the most aspiring branded
residential textile flooring companies in Europe with consumer brands
Parade, Bonaparte and Desso.
Kranendijk continues: "Desso has been approached by Bencis Capital
Partners, who wish to become a shareholder and support the further
development and growth of the Desso business.
"Next to strengthening our position as leading player in Europe we see
major opportunities to grow our business in Latin-America and Asia with
our strong product portfolio. NPM Capital and the Management Board have
positively accepted the offer of Bencis Capital Partners and intend to
fully support the timely completion of the intended transaction. We are
impressed by our new partner and are convinced that Bencis Capital
Partners will actively cooperate to further develop the profitable
growth of Desso and its outstanding and highly motivated colleagues."
Bencis Capital Partners (http://www.bencis.nl) is a reputed Dutch private equity firm that invests in companies with
net sales of between EUR 30 to 500 million.
Desso focuses primarily on superior floor design and Cradle to
Cradle(R), in providing high quality carpet tiles and broadloom. It's
commercial product offering, business carpets, represents more than
half of total sales and can be found in offices, banks, retail units,
public buildings, schools, universities and care centers. Clients
include ABN AMRO, Rabobank, AkzoNobel, Dutch Ministry of Safety &
Justice, KPMG, PWC, Deloitte, Allianz, Canon, EDF, HSBC, Porsche,
Procter & Gamble, SNCF, Nestle and many more.
Desso's innovation strategy is concentrated in 3 key areas: Creativity,
Functionality and Cradle to Cradle(R). For Desso, creativity is
synonymous with CARPETECTURE(R), which is a powerful example of Desso's
commitment to creative carpet design and its dedication to meet the
needs of architects, interior designers, building owners and end users.
In the field of functionality, Desso develops pioneering solutions that
make a difference for health, wellness and well-being. As a result of
this innovation and creativity strategy, Desso has launched a number of
patented products like Desso AirMaster(R), for 8 times lower fine-dust
concentration in the air (versus hard floors), and Desso EcoBase(R),
which enabled the world's first and only Cradle to Cradle(R) Silver
Certification for an entire carpet tile product.
Desso Consumer Carpets is represented by three strong brands: Parade,
Bonaparte and Desso. All with a rich history in manufacturing high-end
consumer carpets where products are available through specialist retail
traders, plus selected carpet stores and home furnishing shops. Desso
Consumer Carpets is the only European high end consumer carpet company
with sales in Benelux, Germany, France, Switzerland and Austria.
Desso's creative carpet design and service oriented approach has enabled
Desso to become a leader in developing solutions for the Hospitality,
Marine and Aviation (HMA) markets. Desso's HMA division works with
companies such as Hilton, Intercontinental, Maritime, KLM, Virgin,
Royal Caribbean Cruise Lines and Holland America Line.
Desso Sports Systems is a leading player in the provision of artificial
turf for sports fields and reinforced natural grass systems that
provide the perfect surface at every level of sport. Desso
GrassMaster(R) is a sports field of natural grass reinforced with Desso
synthetic grass fibres, which has been installed in World Championship
stadiums in South Africa and in 'football temple' Wembley.
Cradle to Cradle(R)
In signing a partnership agreement with the Hamburg-based Environmental
Protection Encouragement Agency (EPEA), Desso has become the first
carpet manufacturer in EMEA to adopt the Cradle to Cradle(R) design. It
marks Desso's radical decision to move beyond 'mere' sustainability in
producing its carpets and artificial grass. In the Cradle to Cradle(R)
principles, products are made from pure components that are easy to
disassemble, in order to create new products (= up-cycling) in both the
biological and technical cycles.
Desso is active in 110 countries and can look back on almost 80 years of
proven performance, having built a reputation as a leading manufacturer
of high quality carpet tiles, broadloom and artificial grass pitches.
Desso has four factories and two major distribution centres in Europe,
as well as specialist customer service centres throughout Europe, in
America, Asia, Latin America, Africa, the Middle East and Australia.
For more information, please see http://www.desso.com
SOURCE Desso Group BV
For further information:
Though financial details will not be provided questions may be addressed to spokesman Dick Haijma +31703538317 or +31617143286.