Danish textile and clothing industry growth increases acquisitions  

2007.08.08
A new analysis from the Federation of Danish Textile and Clothing shows that the number of company acquisitions in the industry more than doubled in 2006
A new analysis from the Federation of Danish Textile and Clothing shows that the number of company acquisitions in the industry more than doubled in 2006. In total, 36 external acquisitions, MBOs or family generation shifts were carried out, compared to 17 the previous year. Preben Friis, managing director of the Federation of Danish Textile and Clothing says:
 
"Naturally there is fluctuation, but the increased activity is clearly based on the positive development in the industry." "Unlike to many other sectors, ours has a documented growth potential. We have long since carried out the readjustment, which others have to do when they outsource their production. Existing businesses can be scaled up, and many companies have shown with good results that they have a concept which works. And there is also venture capital present."
 
The clothing industry in Denmark continues to show growth in revenues and exports. In 2006, revenues totalled DKK 21.5 bn (USD 3.9 bn) and exports DKK 18.9 bn (USD 3.4 bn). For 2007, the Federation of Danish Textile and Clothing forecasts the figures will be DKK 22.9 bn (USD 4.1 bn) and DKK 20.3 bn (USD 3.7 bn) respectively. The news was reported by financial daily newspaper Børsen.
 

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