Velcro Industries N.V. Announces Final Results of Tender Offer

CURACAO, Netherlands Antilles, Nov. 9  /PRNewswire-FirstCall/ -- Velcro Industries N.V. (the "Company") (NASDAQ:VELC), holding company for the Velcro companies and the industry leader in hook and loop fasteners, today announced that it has accepted for payment a total of 2,594,375 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 Monday, November 5, 2007. After giving effect to the purchase of validly tendered shares, approximately 1,163,000 shares, representing less than 5% of the Company's outstanding common stock, will be held by shareholders other than the Company'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. 

DATASOURCE: Velcro Industries N.V.



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