Entrepreneur Luc Tack has reached an agreement in principle to acquire all the activities and employees of Belgian latex bedding specialist, Latexco, to be realised via Harmony Industries.

Luc is the MD of Picanol Group, and the CEO and executive director of Tessenderlo Group.

Latexco, which is headquartered in Tielt (Belgium) and owned by the Maes family, produces mattresses, pillows and toppers made from latex, as well as PU foams. The company has more than 400 employees, across Belgium, Spain, Indonesia and Singapore.

The acquisition is expected to be completed before the end of December.

“Today, we have reached an agreement with the family of Luc Maes regarding the continuity of the company Latexco. We are, therefore, looking forward to building a strong future for Latexco together with the employees,” states Luc Tack.

Latexco's owner, Luc Maes, adds: “For my part, I am delighted that we can partner with the Tack family and I am very positive about the succession of my company. Luc Tack’s decision to acquire Latexco gives me confidence because I am convinced the company will have a better future this way. My daughter Carole is also fully behind this transaction.”