Chamatex, the French textile manufacturer based in the Ardèche department, has become a majority shareholder in Toptex3 (Toptex Cube), another French firm specializing in the production of technical clothing and luggage for the sports, luxury and health sectors through innovative assembly processes. Toptex Cube was founded in 2014 by Philippe Joffard, a former controlling shareholder and CEO of the Lafuma Group. Toptex currently has more than 30 employees and expects to post revenues of more than €2 million this year, according to Chamatex’s press release. In its assembly processes, Toptex uses state-of-the-art technologies like laser cutting devices and machines that allow seamless assembly processes, among others. Combining Chamatex and Toptex technologies is expected to help the Chamatex group accelerate its development on three main target markets: sports, luggage, and health products. As far as the sports market is concerned, following this acquisition, Chamatex plans to strengthen its partnership with Rossignol while also developing new products with other sports brands.
Related articles
-
ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
-
ArticleLycra launches campaign for new bio-derived Lycra fiber
Source: The Lycra Company The Lycra Company launched the “FashionFarmers” campaign on Earth Day to highlight the company’s plans to bring industrial quantities of Lycra, a bio-derived fiber made with Qira, to the market US fiber and technology solutions specialist The Lycra Company launched an integrated media ...
-
ArticleVista Outdoor leaves option open to sell to MNC for higher price
The uncertainty surrounding the future of Vista Outdoor, respectively Revelyst and The Kinetic Group, continues as the company officially confirmed on April 22 that it has resumed negotiations with Montréal-based MNC Capital in connection with the unsolicited expression of interest dated March 25, 2024, in which MNC indicated it was ...
More from Corporate and M&A
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...
-
ArticleSwedish Supreme Court confirms reorganization plan for Sportshopen’s parent
On 15 April, the Swedish Supreme Court confirmed the restructuring plan for Swedemount Sportswear & Fashion AB. The majority of Swedemount’s suppliers and creditor groups had already voted to confirm the restructuring plan in December last year, which was subsequently approved by both the District Court and the Court of ...
-
News briefsRose Bikes with revenue record: Strong 2023 performance despite market challenges
In the fiscal year ending October 31, 2023, Rose Bikes’ total revenue was €189 million, a nine percent increase from the previous year.