M&A Deal Summary

Mattex Dubai Acquires Bonar Emirates Technical Yarns Industries

On July 4, 2016, Mattex Dubai acquired apparel/textiles company Bonar Emirates Technical Yarns Industries from Low & Bonar for 24M EUR

Acquisition Highlights
  • This is Mattex Dubai’s 1st transaction in the Apparel/Textiles sector.
  • This is Mattex Dubai’s 0th largest (disclosed) transaction.
  • This is Mattex Dubai’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2016-07-04
Target Bonar Emirates Technical Yarns Industries
Sector Apparel/Textiles
Buyer(s) Mattex Dubai
Sellers(s) Low & Bonar
Deal Type Divestiture
Deal Value 24M EUR

Target

Bonar Emirates Technical Yarns Industries

Abu Dhabi, United Arab Emirates
Bonar Emirates Technical Yarns Industries LLC manufactures yarn. Grass yarns production business comprising the majority of its Sports & Leisure global business unit.

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Buyer(S) 1

Buyer

Mattex Dubai

Dubai, United Arab Emirates
Category Company
Sector Apparel/Textiles
DESCRIPTION

Mattex Dubai produces woven Primary backings and Specialty backings for indoor, artificial turf, and geotextile applications with an annual capacity of 155M m².

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

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 2 of 3
Sector (Apparel/Textiles) 2 of 3
Type (Divestiture) 2 of 3
Country (United Arab Emirates) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Texiplast a.s.

Ivanka pri Nitre, Slovakia

Texiplast, a.s. is a Slovakian producer of high strength geosynthetic products serving the civil engineering market. Company is a manufacturer of soil reinforcement, separation, filtration and erosion control products.

Buy €19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 BontexGeo

Zele, Belgium

BontexGeo is a producing technical textiles and is a supplier of geotextiles and geosynthetics, which are used in infrastructure works and industrial applications to improve technical characteristics and reduce carbon footprint. BontexGeo was founded in 1925 and is based in Zele, Belgium.

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Mergr

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