PRESS RELEASE - DELSOL Avocats assisted TOPTEX CUBE with the acquisition of a majority stake carried out by CHAMATEX Group

Created in 2014 by Philippe JOFFARD (ex. CEO of the LAFUMA-MILLET group) and benefiting from strong growth under his leadership, TOPTEX CUBE is specialized in the manufacture of technical clothing and luggage by modern seamless assembly processes (cutting laser, ultrasonic welding, heat sealing, etc.).

Under the terms of this transaction, CHAMATEX Group becomes TOPTEX CUBE’s majority shareholder alongside Philippe JOFFARD notably. The integration of TOPTEX CUBE enables CHAMATEX Group to complete its « Made in France » industrial offering and strengthen its production capabilities for innovative textiles with modern assembly processes, particularly in the sports, luxury and health sectors.

This industrial merger will allow TOPTEX CUBE to develop its know-how and production capabilities (more than 2M€ turnover expected this year) and at the same time contributes to the development and innovation strategy pursued by CHAMATEX Group, with a turnover of nearly 40 M€ in 2020.

TOPTEX CUBE’s shareholders were advised by DELSOL Avocats and in particular by Henri-Louis DELSOL, partner and co-head of the “Corporate - Mergers & acquisitions” department, and Pierre TOURRET, associate.