M&A Deal Summary

Low & Bonar Acquires Mehler Texnologies

On November 29, 2007, Low & Bonar acquired apparel/textiles company Mehler Texnologies for 166M GBP

Acquisition Highlights
  • This is Low & Bonar’s 2nd transaction in the Apparel/Textiles sector.
  • This is Low & Bonar’s largest (disclosed) transaction.
  • This is Low & Bonar’s 1st transaction in Germany.

M&A Deal Summary

Date 2007-11-29
Target Mehler Texnologies
Sector Apparel/Textiles
Buyer(s) Low & Bonar
Deal Type Add-on Acquisition
Deal Value 166M GBP

Target

Mehler Texnologies

Hückelhoven, Germany
Mehler Texnologies GmbH (MTX) is a producer of technical coated fabrics with headquarters in Hückelhoven, Germany. Its members are wholly-owned subsidiaries of Mehler AG, a part of KAP Beteiligungs-AG. It produces premium materials for a variety of uses including, inter alia, side curtains for the transport market and fabrics for the architectural and print markets.

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Buyer(S) 1

Buyer

Low & Bonar

London, United Kingdom

Category Company
Founded 1903
Sector Apparel/Textiles
Revenue 317M GBP (2019)
DESCRIPTION

Low & Bonar PLC produces advanced, high-performance materials from polymer-based yarns and fibers. The proprietary technologies it uses to weave and create them lead to products with exceptional strength and versatility. Low & Bonar was 1903 and is based in London.


DEAL STATS #
Overall 4 of 6
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 4 of 6
Country (Germany) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-07 Colbond Investments B.V.

Arnhem, Netherlands

Colbond Investments B.V. is an international producer of synthetic non-woven textiles for flooring, automotive and construction applications and three-dimensional polymeric mats and composites for civil engineering, building and industrial applications.

Buy £103M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Bonar Floors

Switzerland

Bonar Floors is a provider of resilient and textile flooring solutions for the commercial market.

Sell £123M