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14 February 2020

Stehlin & Associés advised Glen Raven Group on the sale of Dickson PTL

Stehlin & Associés advised Glen Raven Group on the MBO sale of Dickson PTL, world leader in coated and laminated technical textiles. The MBO was carry out by the management led by Thierry Mosa, as well as Geneo (Delphine Jarnier et Rodolphe Vernazza), Eximium (Céline Gascon Guenault, Sigolène Le François et Christian Carro) and Bpifrance Investissement (Cédric Béal et Anne-Claire Sigaux).

Dickson PTL is a worldwide specialist in heat protection, non-stick and abrasion resistance, technical fabrics for applications requiring heat and flame protection, release coatings and abrasion resistance, exporting to more than 110 countries worldwide and a local presence in Europe, North America, South America, Asia and Africa.

PTL (Plastic & Textile from Lyon) was established in 1948 in Lyon, France and became Dickson PTL by joining the Dickson Group in 1988. Ten years later, Dickson PTL became part of Glen Raven (USA) following its acquisition of the Dickson Group.

The Stehlin & Associés team advising the Glen Raven Group (Eugene Deleplanque, Ghislain Barrois, Peterson Legerme) on this transaction was led by partners Marc Pierre Stehlin, Armelle Maître and Anna-Christina Chaves, assisted by associates Elodie de Cock and Guillaume Maître.

The same team of lawyers advised also Glen Raven Group in December 2019 on the sale of a French subsidiary, specialised in the manufacture of PVC coated technical fabrics, to Belgian group Sioen Industries.