KTV Buys Texoprint From Dutch Court
July 22, 2002
Boekelo, The Netherlands – Texoprint was purchased by KTV from the Dutch bankruptcy court in April for an undisclosed figure although other parties were involved in the bidding process, it was learned.
Michiel Braakman owns KTV and Texoprint. KTV is a contract printer of wide width prints in up to 10 colors and narrow printing for the bedding and multi purpose fabric industry. Braakman bought the design archives, the associated screens and the printing equipment. After he purchased Texoprint, he reopened the same plant with 40 employees as opposed to the 140 previously employed. KTV will operate Texoprint out of the same location for an indeterminate period of time according to an agreement originally made with the city. However, at some point, the operation will relocate sources said.
At one time, Texoprint generated sales of $50 million but with the decline of the wet printing industry, sales are now estimated by informed sources to be around $10 million. KTV, a 130-year-old company, was a greige goods preparer for Texoprint. Braakman is the third generation family owner of KTV.
The Texoprint line will be on display at Decosit 2002 (September 7-10) in a special hospitality suite at the Brussels Expo Center. The complete line of KTV and Texoprint will be shown at Showtime in High Point N.C., in January, 2003 and a new collection will be unveiled in Como, Italy next May.
Jan de Wilde, a former real estate developer, was the former owner of Texoprint after it was acquired from Gamma Holdings. He came into the printed textile industry at a very difficult time. After he purchased Texoprint from Gamma, he sold the real estate owned by Texoprint to the city of Boekelo where the plant was located. He is no longer associated with Texoprint or the textiles industry. For a short time, he was consultant with KTV, but no longer, sources said.
Meanwhile, David Cedolia of Texoprint has been named national sales manager for Texoprint in the U.S.A. based in Greensboro, N.C. Cedolia's company, Texoprint Retail Services has shipping, warehouse and general offices in Greensboro. Texoprint will offer lines in the United States for: the jobber/convertor, the retailer the hospitality market and the outdoor furniture market. Under the new arrangement with Braakman, Cedolia will co-ordinate the sales efforts for these four markets.
The KTV line includes lower end bedding and drapery prints from $3-$6. The Texoprint range is priced from $8-$15. "The combination of both lines offers a very broad range to the U.S. customer," said Cedolia.
Cedolia was previously associated with Texoprint for 27 years as an independent selling agent. "This opens up many more markets to Texoprint and KTV including furniture, retail, bedding, outdoor furniture and hospitality," he said.
Michiel Braakman owns KTV and Texoprint. KTV is a contract printer of wide width prints in up to 10 colors and narrow printing for the bedding and multi purpose fabric industry. Braakman bought the design archives, the associated screens and the printing equipment. After he purchased Texoprint, he reopened the same plant with 40 employees as opposed to the 140 previously employed. KTV will operate Texoprint out of the same location for an indeterminate period of time according to an agreement originally made with the city. However, at some point, the operation will relocate sources said.
At one time, Texoprint generated sales of $50 million but with the decline of the wet printing industry, sales are now estimated by informed sources to be around $10 million. KTV, a 130-year-old company, was a greige goods preparer for Texoprint. Braakman is the third generation family owner of KTV.
The Texoprint line will be on display at Decosit 2002 (September 7-10) in a special hospitality suite at the Brussels Expo Center. The complete line of KTV and Texoprint will be shown at Showtime in High Point N.C., in January, 2003 and a new collection will be unveiled in Como, Italy next May.
Jan de Wilde, a former real estate developer, was the former owner of Texoprint after it was acquired from Gamma Holdings. He came into the printed textile industry at a very difficult time. After he purchased Texoprint from Gamma, he sold the real estate owned by Texoprint to the city of Boekelo where the plant was located. He is no longer associated with Texoprint or the textiles industry. For a short time, he was consultant with KTV, but no longer, sources said.
Meanwhile, David Cedolia of Texoprint has been named national sales manager for Texoprint in the U.S.A. based in Greensboro, N.C. Cedolia's company, Texoprint Retail Services has shipping, warehouse and general offices in Greensboro. Texoprint will offer lines in the United States for: the jobber/convertor, the retailer the hospitality market and the outdoor furniture market. Under the new arrangement with Braakman, Cedolia will co-ordinate the sales efforts for these four markets.
The KTV line includes lower end bedding and drapery prints from $3-$6. The Texoprint range is priced from $8-$15. "The combination of both lines offers a very broad range to the U.S. customer," said Cedolia.
Cedolia was previously associated with Texoprint for 27 years as an independent selling agent. "This opens up many more markets to Texoprint and KTV including furniture, retail, bedding, outdoor furniture and hospitality," he said.