CURACAO, Netherlands Antilles, Feb. 17 /PRNewswire-FirstCall/ --
Velcro Industries N.V. ("VINV") (NASDAQ:VELC), holding company of the Velcro companies and the industry leader in hook and loop fasteners, today announced that it has accepted for payment a total of 478,232 shares validly tendered in its cash tender offer to purchase all outstanding shares of its common stock. The tender offer expired at 5:00 p.m., New York City time, on Tuesday, February 10, 2009. After giving effect to the purchase of the 478,232 validly tendered shares, 684,750 shares, representing approximately 2.5% of VINV's outstanding common stock, will be held by shareholders other than VINV's majority shareholder.
About Velcro Industries N.V.
Velcro Industries N.V. (NASDAQ:VELC) is incorporated and domiciled in Curacao, Netherlands Antilles as a Naamloze Vennootschap (public limited liability company) and acts as the holding company of the Velcro companies, which are primarily involved in the manufacturing and sales of VELCRO(R) and TEXACRO(R) brand fasteners, ULTRA-MATE(R) brand hook fasteners, and ONE-WRAP(R) brand straps throughout the world. For more information about Velcro Industries N.V., including annual and quarterly reports, proxy statements and other materials required to be electronically published under Rule 12g3-2(b) of the U.S. Securities Exchange Act of 1934, visit http://www.velcroindustriesnv.com/.
DATASOURCE: Velcro Industries N.V.
CONTACT: Bob Marese, MacKenzie Partners, Inc., +1-212-929-5500, for
Velcro Industries N.V.
Web Site: http://www.velcroindustriesnv.com/