Gabriel A/S completes the acquisition of Visiotex GmbH

Friday, 20 December, 2019

Gabriel A/S has today acquired 100% of the share capital of the German fabric-solution manufacturer Visiotex GmbH. The price for the shares is agreed at EUR 0.5 million in cash. In addition hereto bank debt of approx. EUR 2.0 million is taken over.

Visiotex is recognised within the furniture industry for innovative fabric solutions. The patented Wovenit-technology makes it possible, in one process, to design and produce fabric-solutions with built-in functionality without subsequent cutting and sewing.


Steelcase Announces Appoint­ment of Catherine “Triona” Schmelter to Board of Directors

Tuesday, 17 December, 2020

Steelcase today announced Catherine “Triona” C.B. Schmelter has been appointed to its board of directors. Ms. Schmelter is President, Meal Solutions of TreeHouse Foods, Inc., a $4.3B Fortune 500 manufacturer of packaged foods and beverages.