Business description

Ten Cate is a Dutch industrial conglomerate active in various areas of the technical textiles and composite materials universe. The group comprises five market groups active in (aero)space composites, antiballistics & armour, protective fabrics, synthetic grass and geosynthetics that operate largely on a stand-alone basis, supplying different products into different end markets. The holding is headquartered in the Netherlands with the individual market groups (head-)offices and production sites located globally.

Investment thesis

Ten Cate has defensible leadership positions in a number of high growth and specialized niche markets that will be further enhanced going forward. On market group level the objective is to implement clear and actionable strategies for each individual business unit.