Tissat, Deslee Form Joint Venture
April 4, 2011
WEST VLAANDEREN, Belgium -- Deslee Interior and Tissat International have formed a 50/50 partnership to be known as TissatDeslee Interior Fabrics in order to jointly market their fabric lines which also includes the Versari brand that was acquired by Deslee in January.
Henk Dedecker, Deslee general manager expects a turnover in excess of 15 million EUR in 2011 but the exact trading name of the new venture is not yet clear. Dedecker is also looking to make further acquisitions for Deslee. The new venture expects to expand its range of higher and mid-market offerings in both the residential and contract markets with a broader line in total than either offered before according to company officials.
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