James Dewhurst Limited has been acquired by Sioen Industries B.V.
AAC Capital Partners and the management team have sold James Dewhurst Limited to Sioen Industries B.V for an enterprise value of US$55 million.
James Dewhurst is a leading manufacturer of technical textiles and Europe’s largest producer of open construction laid scrims with production facilities both in the UK and the US, servicing customers in the building and construction, industrial, geotextiles, health and hygiene, packaging and transport industries.
Sioen Industries is the world market leader in coated technical textiles and technical apparel, protecting people and their belongings. With this acquisition, Veranneman Technical Textiles, a division of Sioen Industries, reinforces its position in the market and completes its product range. The new configuration will offer a full range of woven, laid and laminate scrims and fabrics.
Oaklins Cavendish, based in the UK, advised the seller in this transaction. The team's industrials specialist at Oaklins Cavendish said: “With the global textiles industry set for continued growth, this complementary acquisition brings together two of the most well-regarded names in the reinforcement textiles industry and continues to demonstrate the resilience of the UK industrials sector post the Brexit vote.”
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