Founded in 1933 in Lancashire (UK), James Dewhurst is built upon a rich history of developing faster and more powerful technologies in the textile industry. Their primary focus is providing technical scrim products for building, construction, and industry. Their proprietary scrim technology, Dewtex, allows them to manufacture relatively large pieces of customized square scrim products at high speed and with a wide-range of materials. Over time, James Dewhurst developed additional technologies including Dewlock and Omnitex (reinforced and laminated scrim) to provide customers with premier woven scrim products. As need for their products grew, they expanded into the United States in 2004 with a triaxial scrim product (Triatex) that they can produce faster than the square scrim products that they produce for the European markets.
Sioen Industries NV acquired James Dewhurst (via its parent company Jade Equity Limited) in 2017 and asked Pike + Zijlmans to carry out a Purchase Price Allocation (PPA) relating to this transaction. PPA is basically a revaluation of the target company’s balance sheet, recognition of new assets and liabilities, and a calculation of residual goodwill. This is required by accounting regulations when one company acquires another.
Much like the industrial textiles produced by James Dewhurst, Pike + Zijlmans is able to provide high quality services efficiently by interweaving multiple valuation disciplines under one roof. In the case of James Dewhurst, we were able to combine business valuation concepts and a technical perspective to more accurately reflect the values of advanced machine technologies. This is one example of the benefits of our integrated team.
Sioen is the world market leader in coated technical textiles and technical apparel, protecting people and their belongings.
Sioen has the entire production process under one roof, from the yarn, raw fabric and pigment pastes, to the coating and production of technical apparel. As an industry leader, they pride themselves on their ability to find imaginative solutions to the challenges and ever-changing concerns and demands of their customers, the marketplace and all of their stakeholders.
About Pike + Zijlmans
Clients around the world trust Pike + Zijlmans for business valuation and fixed asset appraisal services. We help stakeholders in a broad range of industries with company valuations ranging from micro-cap to large-cap. Our solutions are state-of-the-art, knowledge-rich, and practical.
For more information regarding purchase price allocations or other services provided by Pike + Zijlmans, do not hesitate to contact Andrew Pike at firstname.lastname@example.org or at +31 70 221 0058.