Ontex announces intention to restructure its production and distribution activities in Belgium, with strategic investment in refocused activity
Ontex announces the intention to restructure its Belgian production and distribution activities, as part of its strategic transformation to strengthen its competitive position in the European market. This intended restructuring would entail the closure of the Eeklo site, as well as the transformation of the Buggenhout site, enabled by investments in the range of €40 million.
Leadership change announced Gustavo Calvo Paz to succeed Esther Berrozpe as CEO
The Board of Directors of Ontex has appointed Mr. Gustavo Calvo Paz as new Chief Executive Officer, with effect from November 14, 2022, succeeding Ms. Esther Berrozpe.
Ontex reaches an important milestone in its strategy with an agreement to sell its Mexican business to Softys
Ontex announces that it has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys S.A., a personal hygiene company with operations across Latin America. Softys is a wholly owned subsidiary of Empresas CMPC S.A., headquartered in Chile.
Ontex confirms preliminary discussions with AIP regarding possible business combination with Attindas
Ontex Group NV notes the recent press speculation and confirms that it has engaged in preliminary discussions with American Industrial Partners (AIP) with respect to a possible transaction that may result in a business combination with AIP’s portfolio company Attindas.
Investor Update
Ontex to focus on partner brands & healthcare in Europe and North America, marking a strategy shift towards the creation of a New Ontex.
Ontex announces cash payment of €81 million received from arbitration settlement regarding the acquisition of its Brazilian business in 2017
Ontex Group NV announced today that Ontex has received 500 million Brazilian Reais (81 million euros) from Hypera S.A.
Ontex announces R$500 million arbitration settlement regarding the acquisition of its Brazilian business in 2017
Ontex Group NV has entered into an agreement with Hypera S.A. settling certain claims relating to the acquisition of the Brazilian personal hygiene business of Hypera by Ontex. As part of the settlement, Ontex will receive 500 million Brazilian Reais (€81 million) from Hypera by October 1, 2021.
Ontex announces Executive Management Committee appointments: Peter Vanneste as Chief Financial Officer and Vincent Crepy as Chief Supply Chain Officer
Ontex (Euronext: ONTEX) announces today two key appointments to its Executive Management Committee, effective May 1, 2021. Peter Vanneste takes up the position of Chief Financial Officer and Vincent Crepy takes up the new role of Chief Supply Chain Officer.
Ontex proposes to significantly strengthen its board of directors
Ontex Group NV today announces it is proposing to its shareholders to significantly strengthen and diversify its Board of Directors, adding talent and experience in the personal hygiene and retail sectors, ESG/sustainability, procurement, finance and governance. Under the proposal the Board welcomes two new independent directors and four directors nominated by the Company’s two major shareholders.
