Management buy-out at Sioen Filtration
Industry Talk
Sioen agrees sale of Roland International
Netherlands headquartered Sioen Industries, a producer of technical textiles, fine chemicals and high-tech protective clothing, has announced it has reached an agreement for the sale of one of its subsidiaries, Roland International. Roland International produces finished curtains and tarpaulins for international road and rail transport sectors. The company slogan ‘built stronger to last longer’ expresses the philosophy of the company which after restructuring was put u
6th April 2011
Innovation in Textiles
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Ardooie
Netherlands headquartered Sioen Industries, a producer of technical textiles, fine chemicals and high-tech protective clothing, has announced it has reached an agreement for the sale of one of its subsidiaries, Roland International.
Roland International produces finished curtains and tarpaulins for international road and rail transport sectors. The company slogan ‘built stronger to last longer’ expresses the philosophy of the company which after restructuring was put up for sale in 2009. Sioen has reached an agreement in principle with an unnamed prospective buyer in the transport sector.
Sioen Industries decided in 2009 to focus on its core business and therefore to divest a number of activities, including the production of finished road and railway truck curtains and tarpaulins.
Sioen Industries NV is a diversified, publicly traded group with an extensive portfolio of products and activities: spinning, weaving and coating, manufacturing of technical clothing, production of fine chemicals and processing of technical textiles.
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