The business area consists of Cotting Group, which consists of the French company Griffine Enduction and the Belgian company Plastibert & Cie. Plastibert and Griffine have been established in the international market for coated textiles for more than 60 years. The products consist of PVC and PU coated fabrics that are used in a variety of areas, including car interiors, fashion industry, protective clothing, hospital beds, dental chairs, furniture and wall coverings. Griffine has a wholly owned production plant in Nucourt, about 50 km northwest of Paris, and Plastibert has a wholly owned production plant in Wielsbeke, about 30 km southwest of Ghent.
MARKET WITH GROWTH POTENTIAL
Globally, the market for coated textiles is estimated to amount to approximately SEK 170 billion, of which the European portion, where Cotting currently has most of its sales, amounts to almost SEK 40 billion. The coated textiles market is estimated to grow by about 4% per year. The industry is fragmented while the entry barriers are high. Operations are capital intensive and customers have high delivery requirements. Duroc sees opportunity to grow within the sector, both organically and through continued opportunistic acquisitions.
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