VP Textile establishes Purchase Price Allocation after Van Heurck acquisition
In connection with the acquisitions of Van Heurck and APPAREL@WORK, VP Textile, the textile division of investment company VP Capital, engaged Match Plan to value its intangible assets. These valuations were performed via a Purchase Price Allocation (PPA), in accordance with the Annual Reporting Guidelines. The PPAs were necessary for the correct accounting treatment of the transactions and provided strategic insight into the value of both acquisitions within VP Capital's portfolio.
Protective clothing with a rich history
Van Heurck, based in Lier, has been producing high-quality protective workwear for four generations. What began in 1920 as a family business with handmade clothing has grown into a renowned player in multi-standard workwear for industry and government. With its own R&D department and production facility in Tunisia, Van Heurck combines customer-focused customization with innovative and sustainable textile solutions.
Complementary reinforcement within VP Textile
Since joining VP Textile, Van Heurck, along with HAVEP and Hydrowear, has formed a "house of brands" in protective clothing. This collaboration enables the group to serve various market segments, from cost-efficient collections to premium customization, and to leverage synergy benefits. The acquisitions align with VP Textile's broader strategy to grow as an autonomous group and capitalize on consolidation in the sector.
Match Plan as a valuation partner
The valuations of Van Heurck and APPAREL@WORK were conducted by Match Plan, under the leadership of Richard Peeters, Director of Valuation. Match Plan supported VP Textile in the identification, substantiation, and valuation of intangible assets such as brand name, customer relationships, and technology. Thanks to extensive experience with PPA processes and reporting standards, VP Textile has a solid valuation foundation for transparent financial reporting and further strategic decision-making.
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