Stork NV Sells Majority Interest in Stork Prints to Bencis

Netherlands—Stork N.V. and Bencis Capital Partners B.V. have reached an agreement on the sale of 60 percent of the interest in the Stork Prints Group to Bencis. Stork Prints will continue to operate under its current name and, supported by Bencis, the existing management will continue to focus on expanding graphic activities while maintaining its leadership position in the worldwide textile market. Some 1,350 employees will be involved in the takeover. There will be no negative consequences for current employment levels at Stork Prints, according to the company.

Dick Joustra, president of Stork Prints, said, “We are looking forward to new ownership with great enthusiasm. With our new owners, we have the ideal foundations for the continued success of the Prints Group. Even though we enter a new era, it is very much a case of ‘business as usual’ as far as the day-to-day running of the company is concerned.”

Menno van der Meer of Bencis added, “We are particularly looking forward to further developing the potential of Stork Prints. With a strong product portfolio in its main markets the financial position of the group is good. Recently introduced products are now establishing themselves in all major markets, providing Prints with a strong base for the future.”