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Investment Summary

Picanol Invests In Tessenderlo Group

On November 7, 2013, Picanol invested in chemicals company Tessenderlo Group

Investment Highlights
  • This is Picanol’s 1st transaction in the Chemicals sector.
  • This is Picanol’s 1st transaction in Belgium.

Investment Summary
Date 2013-11-07
Target Tessenderlo Group
Sector Chemicals
Investor(s) Picanol
Deal Type Stake Purchase

Target

Tessenderlo Group

Brussels, Belgium
Tessenderlo Group and its subsidiaries manufacture and sell chemicals and other solutions for food, agriculture, and water management worldwide. Tessenderlo Group was founded in 1919 and is based in Brussels, Belgium.

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Investor(S) 1

Investor

Picanol

Ieper, Belgium
Category Company
Founded 1936
Sector Machinery
Employees6,878
Revenue 2.2B EUR (2020)
DESCRIPTION

Picanol develops, produces and markets high-tech weaving machines. Picanol was incorporated in 1936 and is based in Ieper, Belgium.

DEAL STATS #
Overall 3 of 3
Sector: Chemicals M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-28 Etablissements Lhenry SAS

Saint-Romain-la-Motte, France

Etablissements Lhenry SAS is a reed manufacturer company.

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