Vescom Finalizing Raymakers Purchase

HELMOND, The Netherlands—Informed sources say Vescom B.V. , a 54-year-old company based in Deurne is in the final stages of discussions with the Dutch bankruptcy administrator for the purchase of J.A. Raymakers & Co B.V., a 250-year-old velvet mill here and its sister company British Velvets in the UK. The talks between Vescom and the Raymakers bankruptcy administrator involve final...