Royal Ten Cate Sells Plasticum to NPM Capital and Management

ALMELO, The Netherlands, February 27 /PRNewswire/ -- Royal Ten Cate
(Euronext: KTC) and NPM Capital announce that they have reached an agreement
in principle regarding the sale of Ten Cate Plasticum (the Netherlands,
Germany and UK) to NPM Capital and the management. The divestment will take
place approximately against book value. The company is part of the sector
Technical Components. It is expected that the transaction will be completed
in March 2006.
Plasticum produces plastic moulded packaging for consumer products, among
others for A-brands in personal care, food and household products. The
company employs some 200 people. Plasticum has annual revenues of
approximately EUR 36 million, whereby growth has been established in the past
years in the field of innovative and tailor made packaging concepts. As a
result, the quality of the results has been gradually improved and the
company has good prospects for the future.

Strategy of Ten Cate
Ten Cate has announced earlier the divestment policy of all companies in
the sector Technical Components. Plasticum is the second divestment within
this sector so far. At the same time the so called Buy & Build strategy is
communicated, which means the strengthening of the strategic basis of Ten
Cate and the acquisition of companies within the growth markets for
protective fabrics, aerospace composites, armour composites, synthetic grass
and geosynthetics.

NPM Capital
NMP Capital is focussed on the Dutch corporate sector, in particular
companies which are successfully managed by entrepreneurial managers. Often
these companies are leaders in their (niche)markets or have the potential to
become market leaders. At present NPM Capital has a portfolio of 80
participations, of which 70 based in the Netherlands.

http://www.tencate.com/
http://www.npm-capital.com/
SOURCE Royal Ten Cate