Cotting Group has been acquired by Duroc AB
Mecaseat has sold Cotting Group to Duroc AB. Financial details have not been disclosed.
Cotting Group is a leading specialist in coated textile, offering a wide range of high-tech coated fabrics for the automotive, apparel and leather goods, transport, healthcare and well-being, furniture, wall coverings and bedding sectors. The company operates through two subsidiaries: Griffine SA in France and Plastibert NV in Belgium.
Duroc acquires, develops and manages industrial and B2B trading companies. With deep knowledge in technology and markets, the Group’s companies aim to achieve leading positions in their respective industries. As an owner, Duroc actively contributes to the subsidiaries development and value-creating acquisitions. Duroc AB is listed on Nasdaq Stockholm.
Mecaseat is an investment holding managing a portfolio of companies with diversified activities and some common characteristics: low profile, B2B, limited branding and strategy, leading position in most of its respective segments and markets, and good reputation for products and service. After the sale of its coating division in 2019, the firm's remaining activities include: mechanics, contract furniture and bedding.
Oaklins' team in Belgium advised the seller in this transaction.
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Oaklins KBC Securities
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