# Sioen Fabrics acquires assets of Techma Coatings

Sioen Fabrics, a company of Sioen Industries, has signed an agreement with Seyntex to purchase assets of Techma Coatings, including production equipment, customer portfolio, product formulations and production methods, for EUR 300,000 plus EUR 800,000 for inventories.

- Type: Acquisition
- Announced: 2019-05-03
- Where: Belgium
- Value: $336K (300K EUR)
- Status: announced
- Products: PU, PVC and silicon-coated breathable laminated textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Sioen Industries](https://endata.com/companies/20573.md) (acquirer)
- [Seyntex](https://endata.com/companies/22302.md) (partner)
- [Techma Coatings](https://endata.com/companies/39284.md) (target)

## Sources

- [innovationintextiles.com](https://innovationintextiles.com/sioen-acquires-assets-of-techma-coatings/), 2019-05-03: "Sioen Fabrics, a company of the Sioen Industries, and Seyntex have signed an agreement regarding the purchase of assets of Techma Coatings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.