Clarysse Acquires Majority Interest in ITM

Kruishoutem, Belgium — In July 2000, Belgian toweling weavers Clarysse became the majority shareholders of the upholstery fabric weaving mill ITM International. Clarysse took over the shares of the two brothers of ITM's founder, Dirk Malfait, who was in charge of product management and financial management, respectively. Internal solutions were found for their succession: the former supervisor of the mill...