Tessutica
One of the world’s leading upholstery fabric manufacturers
GH Private Equity, a UK headquartered private investment firm has acquired Tessutica NV, one of the world’s leading upholstery fabric manufacturers, from Beaulieu International Group (B.I.G.)
Established in 1971, Tessutica, a heritage brand and one of the world’s leading upholstery fabric manufacturers, creating and producing upholstery fabrics throughout Europe, UK/Ireland and the United States.
Financial terms of the deal were not disclosed.
B.I.G. with over 4,500 employees worldwide in 19 countries throughout Eurasia, America and Oceania and serves customers in 150 countries reported annual revenues of 2 billion Euros in 2024.
Tessutica, based in Belgium and Romania with 132 employees generated revenues of 17 million euros in 2024.
GH Private Equity has acquired the shares of Tessutica NV from B.I.G. CEO and Co Founder Russell Goldman commented “ We are delighted to announce the acquisition of Tessutica into our group and looking forward to establishing the business as a standalone entity that can continue to deliver high quality upholstery fabrics in the best interest of its many customers, suppliers and employees.
Deloitte acted as financial advisors to Beaulieu International Group, with Baker Mckenzie and NNDKP as legal advisors to GH Private Equity.
About GH Private Equity
GH Private Equity specialises in the acquisition of small to medium sized businesses in challenging situations that require financial and operational turnaround. We look to acquire non-core and underperforming companies or divisions of multinational conglomerates that are no longer part of the group’s overall strategic plan and therefore being carved out.
Website
Headquarters
Belgium
Year of Acquisition
2025
Employees
132
Revenues
€17 million
Sector
Upholstery Fabric
Seller
