Belgian Flooring Group Announces Sale of Tessutica Division

Belgium-based Beaulieu International Group (BIG), a prominent player in the flooring industry, has finalized the sale of its upholstery division, Tessutica, to GH Private Equity. The agreement was completed on November 27, marking a significant step in BIG’s strategy to realign its portfolio and concentrate on its core high-growth business areas.

The decision to divest Tessutica followed a comprehensive review of BIG's operations and strategic priorities. While Tessutica specializes in premium upholstery and demands substantial investment in infrastructure and product development, BIG determined that these requirements could detract from the resources needed for its primary business focus. In a statement, the company explained, "Tessutica is better positioned with an owner whose strategy aligns more closely with its needs."

A New Chapter for Tessutica

The new owner, GH Private Equity, part of H Capital Ventures Group, is known for acquiring and revitalizing small to mid-sized companies that face operational challenges and require a strategic or financial turnaround. This acquisition is expected to provide Tessutica with the support it needs to thrive under a more focused ownership structure.

All 132 employees of Tessutica, including 115 based in Romania and 17 in Belgium, will transition to the new ownership while maintaining their current employment conditions. Business operations at both Tessutica sites are set to continue without interruption.

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Financial and Operational Details

In 2024, Tessutica generated €17 million in revenue, a modest contribution compared to BIG’s total annual turnover of €2 billion. While the financial specifics of the transaction remain undisclosed, the sale underscores BIG’s determination to target growth opportunities within its core business sectors.

As Tessutica enters this new phase, GH Private Equity will aim to leverage its expertise in navigating operational transformations to ensure the division’s long-term success. With this strategic move, BIG is poised to strengthen its focus on areas with higher growth potential, while Tessutica explores opportunities under its new leadership.

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