Family business from Tilburg, the Netherlands, expects accelerated international expansion
Amsterdam/Tilburg, 17 January 2018 – Egeria, an investment company from Amsterdam, has reached an agreement with the Nooteboom family regarding the acquisition of a majority interest in the textile wholesale company Nooteboom Textiles. The Nooteboom family will remain a significant shareholder in the company. The transaction is expected to be finalised in the coming weeks. Financial details have not been disclosed.
Founded in 1852, Nooteboom Textiles is a specialised wholesaler of women’s and children’s clothing fabrics and is the market leader in Europe. Sander Nooteboom, head of the family business since 1994: “We have grown rapidly in recent years, both within the Netherlands and internationally. Thanks to Egeria’s participation, we can accelerate our ambitious growth strategy and have the opportunity to expand into new countries and markets. Egeria is an ideal partner for us because they not only invest, but they also provide knowledge, experience, and a strong international network.”
“Nooteboom Textiles is an ambitious Dutch company with a strong market position, which perfectly fits our investment strategy,” according to Hans Oerlemans, partner at Egeria. “It is a fifth generation family business with a very committed owner and professional management, and I am pleased that the current owner will retain a large shareholding in the company.” According to Oerlemans, there are great opportunities for the company: “Nooteboom has grown rapidly in recent years, primarily driven by a strong focus on customer relationships and a very broad product portfolio. We will support the company in further international expansion, the roll-out of a digital strategy, and the expansion to other segments, such as textiles for home decoration. I am looking forward to working with Sander Nooteboom and his team to maximise the potential of Nooteboom Textiles.”News items