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  September 5, 2001
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Home > Company Index > Manufacturing > Textile Manufacturing > Velcro Industries N.V.

Velcro Industries N.V.
Nasdaq (SC): VELCF
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 PROFILE
Velcro Industries' story is fasten-ating. The company's versatile hook-and-loop fasteners originated as the brainchild of Swiss inventor George de Mestral, who became curious about cockleburrs that stuck to his clothes. The resulting trademarked invention, VELCRO (named for the French words for "velour" and "crochet"), can be separated and reclosed 10,000 times and can hold up to nine pounds per square inch. VELCRO has been around for 50 years and has been used in a plethora of company-designed and consumer-devised applications. Velcro markets its products to the apparel, aerospace, auto, electronic, and consumer markets, and sells its products wordlwide. Chairman Robert Cripps controls two-thirds of Velcro.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 277.60
1-Yr. Sales Growth: 8.6%
Employees: 3,218
Revenue per employee: $86,264.76

 KEY PEOPLE
• A. John Holton
    CEO
• Peter A. Pelletier
    CFO

 CONTACT INFO
15 Pietermaai
Willemstad Curacao, Netherlands Antilles
Phone: 599-9-433-5000
Fax: 599-603-669-9271
Online: Web Site

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