Gelvenor Textiles sold to South African investor
Story from: The Johannesburg Times
South African private equity firm, Jacobs Capital, has acquired Gelvenor Textiles, manufacturer of industrial, technical apparel, outdoor lifestyle, protective and aeronautical fabrics from Courthiel Holdings, which is owned by German corporate investor, Claas Daun, for an undisclosed amount. The transaction, which is effective from January this year, includes a merger with South Coast based MB […]
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