Beaulieu International Group (BIG), headquartered in Waregem, Belgium, is to sell all shares of its upholstery activities – known under the brand name Tessutica – to London’s GH Private Equity.

In recent years, BIG has thoroughly reviewed its portfolio for strategic fit in order to deploy resources more effectively and generate higher returns and determined that Tessutica stands a better chance to succeed under ownership that is more strategically aligned.

The business strategy of Tessutica is to focus on market leadership in the premium market segment, which demands continuous investment in infrastructure and product development to secure long-term returns. This ongoing investment, however, risks diverting essential resources away from BIG’s core high-growth areas where it sees greater potential to establish market leadership.

GH Private Equity specialises in the acquisition of small-to-medium sized businesses in challenging situations needing a financial and operational turnaround.

Following the transfer, all 132 employees –115 in Romania and 17 in Belgium - will remain with the company under the same employment terms and conditions and daily operations will continue as usual at the sites in Romania and Belgium.

In 2024, Tessutica contributed €17 million to BIG’s total turnover of €2 billion.

www.bintg.com