Hexcel to acquire Clark-Schwebel for $453 million

Article Abstract:

In a two-step financial transaction, Pleasanton, Calif.-based Hexcel Corp., a maker of structural materials for the defense and aerospace industries, announced it would purchase fiberglass-materials maker Clark-Schwebel, based in Anderson, SC. In the first step, Hexcel will pay $453 million in cash to Stamford Capital Group Inc., which had acquired Clark Schwebel in a 1995 management buyout. In the second step, Hexcel will pay $60 million for long-term leases on property, plant and equipment still owned by Stamford.

Comment:

To purchase fiberglass maker Clark-Schwebel with cash & long-term leases from Stamford Capital

United States, Broadwoven Fabric Mills, Synthetic Broadwoven Fabrics, Metal Stamping, Stampings NEC, Metal industries, Synthetic fabrics, Hexcel Corp., Metal stampings (Product), Article, Clark-Schwebel Inc., Stamford Capital Group Inc.

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Vendex seen as good bet after KBB deal

Article Abstract:

Analysts say Vendex's acquisition of Koninklijke Bijenkorf Beheer has put the company in a top competitor's position. The divestiture of its food unit Laurus also added to the positive development. Once completed, the 1.9-billion-guilder ($988.6 million) buyout means the company's complete control of the Dutch retail store market.

Netherlands, Forecasts, trends, outlooks, Department Stores, Mergers, acquisitions and divestments, Vendex International N.V., Koninklijke Bijenkorf Beheer N.V.

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