In 2007, some of Desso’s top management and the private equity company, NPM Capital joined in a management buyout of Desso from its then owner – the Armstrong Group. Subsequently in 2011, Desso Group B.V. was acquired from NPM Capital and current management by Bencis Capital Partners - an independent private equity firm which targets medium sized companies in the Benelux countries.
Desso Holding B.V. (‘the Company’) was incorporated under Dutch law, domiciled in Waalwijk, the Netherlands and is statutorily based in Amsterdam, the Netherlands. The consolidated financial statements of Desso Holding B.V. comprise the company and its group companies (referred together as ‘the Group’). Desso Holding B.V. was incorporated at 20 January 2011 and is a private limited company, where
ordinary shares are held by STAP B B.V. and a preference share is held by Bencis Buyout Fund III B.C.V. As medium sized enterprise, Desso‘s management structure is relatively simple. At the top are the CEO and CFO with a Chairman from external shareholder Bencis Capital. Under top management is a layer of management which implements strategy across the Group. All are selected on the basis of expertise, capability, experience and commitment to Desso’s values and vision. Acquisitions and integration In February 2010, Desso acquired the high-end consumer carpets company, Enia Carpet NL Holding BV, bringing with it new markets in Europe. Enia had two production sites at Goire and Heerlen in the Netherlands which had to be integrated into Desso’s production systems. This included CSR requirements such as minimising waste, energy and water use. Initially, Enia’s performance in areas like waste and renewable energy had a negative impact on Desso’s overall CSR performance (mentioned in relevant sections below).
AirMaster® Blend 2013
Supervisory Board Chairman: Eric-Joost Ernst
Board Member: Mathieu Vrijsen
Executive Board CEO: Alexander Collot d’Escury CFO: Tom Francken
The Executive Board is responsible for Desso’s policies in all areas including brands and markets, finance, operations, acquisitions and divestments.
During 2012, Goirle’s dyeing department was integrated into Desso’s plant in Dendermonde, Belgium, whilst the coating of broadloom carpet was moved from Dendermonde to Goirle. The plant in Heerlen was closed altogether and ceased production in November 2012. As mentioned earlier, the Sports business was restructured to focus on niche markets in artificial grass and hybrid soccer grass. In 2013 Desso continued with the development, marketing and sales of artificial- and hybrid soccer grass (DESSO GrassMaster®) and the extrusion of yarns applied in those products. Tufting and finishing (coating) activities for Sports were outsourced.
Management Team CEO: Alexander Collot d’Escury, CFO: Tom Francken, Director Operations:
Willem Stas, Director Corporate Communications & CSR: Anette Timmer,
Director Human Resources: Cathy Ockers, Managing Director Sports: Marc Vercammen, Director Design & Technical Development: Ludwig Cammaert,
Managing Director: Rob Peters, Director Business & Process Improvement & IT: Ted vd Meulengraaf, Regional Managing Director: Andrew Sibley,
Regional Managing Director: Roland Jonkhoff, Regional Managing Director: Gilbert Pivoly
All footnote references can be found on page 76
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