Thijs de Beer Scoops Up Swinkels
August 6, 2002
Veldhoven, The Netherlands - In mid-April, the Dutch finishing company H.J. Thijs de Beer took over Swinkels Interior Textiles.
When Swinkels'' former mother company, Koninklijke Textielgroep Twente N.V., filed bankruptcy in March, Swinkels, itself a profitable organization within the group, according to its management, went up for sale.
Swinkels sales manager Coen Tolboom said H.J. Thijs de Beer outbid 10 other bidders for Swinkels. Tolboom did not respond to enquiries about the sale price.
The acquisition yields an obvious synergy between Swinkels'' printing capabilities and H.J. Thijs de Beer''s finishing capacity.
In a letter to its customers, Swinkels said, ''Thijs de Beer has invested in Swinkels. It will also offer knowledge and experience. This cooperation will enable us to develop new technical processes.''
A Swinkels spokesperon said the company has retained a majority of its personnel.
Before Koninklijke Textielgroep Twente N.V. declared bankruptcy, Swinkels had been positioning itself to gain a share of the high-end print market in Europe. ''We have focused on innovative products,'' said Tolboom. ''New printing techniques have enabled us to add value in three-dimensional effects with metallics, glitter, sand, glass and rubber print. Additionally, we have focused on high-end engraving, colorings and new greige cloths.''
When Swinkels'' former mother company, Koninklijke Textielgroep Twente N.V., filed bankruptcy in March, Swinkels, itself a profitable organization within the group, according to its management, went up for sale.
Swinkels sales manager Coen Tolboom said H.J. Thijs de Beer outbid 10 other bidders for Swinkels. Tolboom did not respond to enquiries about the sale price.
The acquisition yields an obvious synergy between Swinkels'' printing capabilities and H.J. Thijs de Beer''s finishing capacity.
In a letter to its customers, Swinkels said, ''Thijs de Beer has invested in Swinkels. It will also offer knowledge and experience. This cooperation will enable us to develop new technical processes.''
A Swinkels spokesperon said the company has retained a majority of its personnel.
Before Koninklijke Textielgroep Twente N.V. declared bankruptcy, Swinkels had been positioning itself to gain a share of the high-end print market in Europe. ''We have focused on innovative products,'' said Tolboom. ''New printing techniques have enabled us to add value in three-dimensional effects with metallics, glitter, sand, glass and rubber print. Additionally, we have focused on high-end engraving, colorings and new greige cloths.''