Kvadrat takes majority stake in Dutch textile manufacturer Gaudium
A successful, long-standing partnership between Kvadrat and Dutch weaving facility Gaudium is set to grow even closer, as Kvadrat announces its decision to increase its stake in the company from 10% to 87%.
Gaudium is producing over 400,000 metres of textile for Kvadrat every year and is a key supply partner. The two companies have worked together since Gaudium’s foundation in 1980. The acquisition hereby furthers Kvadrat’s vertical integration and increased focus on production capabilities. Kvadrat has also engaged itself in part-ownership of Wooltex in England, and Innvik Sellgren in Norway.
This next step emphasises the future development of a new level in shared reach and further efficiency methods of production.
Anders Byriel, CEO at Kvadrat: “This formal partnership is a natural progression to continuously improve our production processes and flexibility in being the leading producers of Trevira CS. Gaudium’s high technological capabilities in producing special designs will enhance our possibilities to offer a wider range of Trevira CS curtains and upholstery textiles in polyester and recycled polyester to our clients.”
Bart Oonk, Managing Director at Gaudium: “We are excited to further the already strong partnership with Kvadrat and it feels like a natural progression since our inception in 1980. This will give us the opportunity to accelerate our global expansion in developing and manufacturing of high quality curtains and upholstery textiles in Trevira CS polyester and other manmade fibers through Kvadrat’s network.”