GTP Acquires Burckleeds BCN Laminados Adds Offices

GTP Acquires Burckleeds, BCN Laminados;Adds OfficesBelgium-based Picanol NVs Global Textile Partner
(GTP) recently finalized two acquisitions. Switzerland-based Stli AG agreed to sell the reed
activities of its France-based subsidiary BurckldCie, along with the brand name Burckl44; to GTP.
Stli will retain the harness frame portion of Burckl business.GTP also acquired Spain-based BCN
Laminados S.L. The small company with only seven employees manufactures reed wire and related
production machinery. GTP sees this acquisition as an opportunity to monitor and control the
quality of its reeds.In other company news, GTP has added two more gravity points to its global
network. In addition to offices in the United States, China, Mexico, Turkey, Italy and Belgium, GTP
now has offices in Bandung, Indonesia, and SPaulo, Brazil. GTPs goal is to be able to provide the
customer with local service from one of its regional offices. The addition of two gravity points
helps the company meet this goal.Indonesia and Brazil are very important textile markets, from
which GTP cannot remain absent, said Koen Beckers, GTP president.
September 2003