TAU announces two investments in innovative and environmentally friendly textile dyeing technology

0

The deal will give TAU significant ownership and representation on the board of directors

NEW YORK, August 24, 2022 /PRNewswire/ — New York– and hong kongTAU-based TAU Investment Management, LLC, today announced agreements for two concurrent investments in highly sustainable waterless textile dyeing. A special purpose entity formed and managed by TAU will acquire significant stakes in DyeCoo Textile Systems, BV, and CleanDye Holding, BV, as part of TAU’s strategy to invest in the sustainable, transparent and responsible supply chains of the future .

TAU joins other investors such as Ingka Investments, the investment arm of Ingka Group, as well as Nike and Otto Group, as well as clients such as Decathlon, bonprix, Adidas and others.

Today, the dyeing and processing of textiles is responsible for 20% of industrial water pollution worldwide. DyeCoo’s patented DyeOx technology enables water-free, chemical-free textile dyeing, making it a valued partner for some of the world’s largest retailers and leading global manufacturers who are also committed to DyeCoo’s sustainable technology.

Through its wholly owned subsidiaries, CleanDye operates the world’s first purpose-built textile dyeing facility Vietnam exclusively use DyeCoo’s waterless and chemical-free DyeOx technology. CleanDye’s dedicated use of DyeOx technology enables it to offer its customers dyed fabrics with no water, no process chemicals and no waste water discharge produced in a safe environment, while achieving 50% energy savings and unparalleled geographic freedom from water sources.

“This is a unique opportunity to support two organizations bringing a new facet of sustainability to the apparel industry,” said TAU’s CEO. Olivier Niedermaier. “We look forward to further opportunities to apply the technology in other industries, such as automotive and beverages.”

Ken Katzhead of the TAU Asia investment, said, “In addition to the geographic flexibility and cost savings this technology provides, we are significantly reducing the environmental footprint with this proprietary dye technology.” He also noted that DyeOx technology is faster and gives better color density than traditional water-based dyeing methods.

“This technology saves money, reduces environmental impacts, allows greater geographic flexibility and results in higher quality products,” Katz said. “That’s a huge advantage.”

“We look forward to welcoming Tau as an investor, given the industry expertise, broad network and deep understanding of sustainable supply chains he brings,” said Christian Ehrenborg, Chief Investment Officer, Ingka Investments. “Tau’s unique knowledge of the industry will provide valuable perspective.”

Nothing JansenChief Executive Officer of bonprix group, said: “With Tau’s vision and commitment to sustainability, this new partnership demonstrates bonprix group/Otto’s commitment to help facilitate the transformation of the clothing to be more environmentally responsible and sustainable. sustainable manufacturing technology is essential to the mission of our organization and to the industry as a whole. »

As part of this agreement, TAU will join the boards of DyeCoo and CleanDye and play an active role in contributing its expertise in responsible supply chain technology and its industry network. Terms of the investments were not disclosed.

ABOUT TAU

TAU is a New York– and hong konginvestment and advisory firm that empowers executives to make critical decisions at every connection point in the global apparel supply chain. In investment management, TAU originates, executes and manages proprietary private equity investments. The company is a fund manager, participates in single-deal vehicles and co-investments, and offers separately managed accounts. In consulting services, TAU provides practical advice so that companies can seize opportunities and stay ahead of the game in a rapidly changing environment. Areas of expertise include organic growth strategy, M&A advisory, responsible technology for textile and apparel manufacturing, joint ventures, sustainability strategy and implementation, entry and exit. market expansion and worker safety protocols.

ABOUT THE INGKA GROUP

With IKEA retail operations in over 32 markets, Ingka Group is the largest IKEA retailer and accounts for approximately 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define joint IKEA strategies. The Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems BV. It comprises three business segments: IKEA Retail, Ingka Investments and Ingka Centres. Learn more at Ingka.com

ABOUT BONPRIX

As a successful international fashion retailer, bonprix reaches customers in 30 countries. The company, which is part of the Otto group and is based in Hamburg, was established in 1986 and today employs approximately 3,700 people worldwide. During the 2021/22 financial year (February 28, 2022), the bonprix Group generated sales of €1.94 billion, making it one of the most successful companies in the Otto Group. At bonprix, customers can enjoy fashion and shopping on all channels – online, via catalog or in the bonprix store at Hamburg. E-commerce accounts for the lion’s share of sales at around 90%. In Germany, www.bonprix.de is one of the twelve most profitable online shops and the number three in the fashion sector.* Selling its own brands bpc, bpc selection, BODYFLIRT, RAINBOW and John Banner, bonprix offers its customers fashion with excellent value for money. The range includes fashion for women, men and children, accessories as well as products for the home and living.

SOURCE TAU

Share.

Comments are closed.