Beaulieu International Group (BIG), headquartered in Waregem, Belgium, is selling Beaulieu Technical Textiles (BTT) its European technical textiles business to funders advised by Munich, Germany-based RCP.

RCP is an independent, international private equity firm investing across industries in Europe with a focus on special situations and transformational environments, particularly corporate carve-outs. It actively develops and transforms businesses through performance improvements and buy-and-build strategies.

In recent years, BIG has thoroughly reviewed its portfolio for strategic fit in order to deploy resources more effectively and generate higher returns.

“We see great potential in BTT despite its recent challenges,” says Michael Nier, partner and head of operations at RCP. “As we did in our successful transformations of Axicom, PowerTech Converter and SIK Peitz, we will provide the resources, strategic direction and operational expertise needed to restore profitability and drive long-term growth at BTT. We believe in the talent and dedication of BTT’s management and employees, and we are committed to working collaboratively to strengthen the company, explore new opportunities, and build a sustainable path forward.”

The local management of BTT will remain on board and the employees will be transferred under the same salary and working conditions. BTT is based in Komen, Belgium, and employs 194 people.

No financial details were disclosed.

www.bintg.com