James Dewhurst is Europe’s largest producer of open construction laid scrims, widely used in roofing membranes, insulation and HVAC applications.
The company has production facilities in the UK and the USA and is active in six industry sectors: building and construction, industrial, geotextiles, health & hygiene, packaging and transport.
The vendors are AAC Capital Partners, the Brierley family trusts and the management of James Dewhurst Ltd.
The new owner, Sioen Industries, is a Belgian textile manufacturer that describes itself as the world market leader in coated technical textiles, protective clothing and fine chemicals.
Philip Barker, partner and head of industrials at Cavendish Corporate Finance, which advised James Dewhurst Group on the sale, said: “With the global textiles industry set for continued growth, this complementary acquisition brings together two of the most well-regarded names in the reinforcement textiles industry and continues to demonstrate the resilience of the UK industrials sector post the Brexit vote.”