CLOVERDALE, CA, February 25, 2016-

Private equity investors have gained control of durable products specialist Royal Ten Cate and the Dutch company’s stock will be delisted from the Euronext Amsterdam exchange on March 17, according to an announcement February 18 by the firm and its acquirer. The two companies added that “the Offeror intends to initiate the statutory squeeze-out proceedings… to obtain 100% of the Shares as soon as possible.”

The acquirer, Tennessee Acquisition B.V., consists of a consortium of investors led by Gilde Buy Out Partners, also including Parcom Capital and ABN Amro Participaties.

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