Daun & Cie Buys Home Fabrics and Fabric Library

Midrand South Africa – Waco International sold fabric wholesalers and converters Fabric Library and Home Fabrics, respectively, to Daun & Cie AG Group of Germany for an undisclosed price. Waco, a South Africa-based holding company whose core subsidiaries are involved primarily in engineering, was acquired last year by Ethos Private Equity for about $370 million, which one South African market...