Hatefa-Lakatex Acquires Texoprint Design Rights
June 9, 2005
HAAKSBERGEN, The Netherlands — Hatefa-Lakatex has restructured itself into a leaner and more aggressive company with the June acquisition of the Texoprint design library and all running patterns on an exclusive basis according to Bert Wermer, managing director.
Hatefa-Lakatex produces curtain and bedding fabrics. The company worked its way out of a technical bankruptcy this past April by reducing its staff by 30 people and putting more capital into the company.
The family Overbeek is one of the major shareholders in the group that now owns Hatefa-Lakatex. The Dutch Court ruled that Hatefa-Lakatex could remain in business so the bankruptcy was only a technical issue, a source said.
There are at least 50 worldwide wholesalers/converters including Crowson-UK and ITC-USA with running Texoprint designs in their collections. The Texoprint business is a growing business, a source said and putting the brand/designs in Hatefa-Lakatex hands is a good move.
The acquisition of the Texoprint designs means that Hatefa-Lakatex will push to higher product levels in the marketplace, a source said, including satin, cotton and silk prints. Currently, the collection sells for 5-20 euros to the wholesaler but higher value products with the Texoprint designs are expected.
The 'Elegance' silk collection designed by Harry Adriaans was introduced by Hatefa-Lakatex one year ago and it is selling well, sources say.
In addition to the new Texoprint qualities, Hatefa-Lakatex also offers a Trevira®CS collection that will be continued, Bert Wermer confirms.
The acquisition of Texoprint designs was arranged by the Dutch bankruptcy court between Hatefa-Lakatex and KTV. KTV, the printer/converter owned by Michiel Braakman and Bert Haasjes was producing the Texoprint collection for about one year until KTV went bankrupt. The pair also had purchased the Texoprint designs from the Dutch bankruptcy court once the previous owner ceased doing business. KTV had been printing the designs as an outside vendor but was unable to make it a viable business, sources said.
Hatefa-Lakatex itself was the result of a merger between Hatefa and Lakatex in 2003.
Hatefa-Lakatex produces curtain and bedding fabrics. The company worked its way out of a technical bankruptcy this past April by reducing its staff by 30 people and putting more capital into the company.
The family Overbeek is one of the major shareholders in the group that now owns Hatefa-Lakatex. The Dutch Court ruled that Hatefa-Lakatex could remain in business so the bankruptcy was only a technical issue, a source said.
There are at least 50 worldwide wholesalers/converters including Crowson-UK and ITC-USA with running Texoprint designs in their collections. The Texoprint business is a growing business, a source said and putting the brand/designs in Hatefa-Lakatex hands is a good move.
The acquisition of the Texoprint designs means that Hatefa-Lakatex will push to higher product levels in the marketplace, a source said, including satin, cotton and silk prints. Currently, the collection sells for 5-20 euros to the wholesaler but higher value products with the Texoprint designs are expected.
The 'Elegance' silk collection designed by Harry Adriaans was introduced by Hatefa-Lakatex one year ago and it is selling well, sources say.
In addition to the new Texoprint qualities, Hatefa-Lakatex also offers a Trevira®CS collection that will be continued, Bert Wermer confirms.
The acquisition of Texoprint designs was arranged by the Dutch bankruptcy court between Hatefa-Lakatex and KTV. KTV, the printer/converter owned by Michiel Braakman and Bert Haasjes was producing the Texoprint collection for about one year until KTV went bankrupt. The pair also had purchased the Texoprint designs from the Dutch bankruptcy court once the previous owner ceased doing business. KTV had been printing the designs as an outside vendor but was unable to make it a viable business, sources said.
Hatefa-Lakatex itself was the result of a merger between Hatefa and Lakatex in 2003.
