Belgian latex foam, PU foam and pocket spring manufacturer Latexco has acquired a site belonging to textile manufacturer Seyntex near its headquarters in Tielt, Belgium.
Latexco is transitioning from being a traditional latex supplier to a one-stop-shop of bedding industry comfort. To be able to house its fast-expanding activities, Latexco was already partially renting the Seyntex site, located close to its other sites in Tielt.
The goal is that all Seyntex activities will be removed and that the site will be vacated by Q1 2020.
CEO Lieven Vandendriessche says: “At Latexco management we want to thank the board of directors for its continued trust in the company and for offering us this unique opportunity. This strategic investment will allow Latexco to build the factory of the future for its new activities. We will produce innovating and differentiating products in a competitive way, which will fuel our future growth.”