Press release from the Competition Council regarding the establishment of the joint venture ‘Mafaco Tesca Textile SA’ by the company ‘Marocaine de Fabrications Cotonnières SA’ and the company ‘Tesca Covering Materials Group SAS’

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the operation’ below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• Founding Company No. 1: ‘Marocaine de Fabrications Cotonnières SA’;
• Founding Company No. 2: ‘Tesca Covering Materials Group SAS’;
• Joint Venture: ‘Mafaco Tesca Textile SA’.

Nature of the operation

• Establishment of a joint venture.

Economic sectors concerned

• Sector of marketing, manufacturing, import, and export of automotive textiles.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., June 30, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the establishment of the joint venture ‘Mafaco Tesca Textile SA’ by the company ‘Marocaine de Fabrications Cotonnières SA’ and the company ‘Tesca Covering Materials Group SAS’.

‘Marocaine de Fabrications Cotonnières SA’ is a Moroccan public limited company, whose corporate purpose is to carry out all operations related to the trade and industry of textiles, particularly through its activity of weaving and finishing for the automotive sector.

‘Tesca Covering Materials Group SAS’ is a French simplified joint-stock company acting as an intermediate holding company of the Tesca group specialized in the automotive textile sector.

‘Mafaco Tesca Textile SA’ will be established as a Moroccan public limited company whose corporate purpose, in Morocco and abroad, either on its own behalf or on behalf of others, is to carry out all industrial and commercial operations related to weaving textiles for the automotive industry and weaving technical textiles in various weaves and materials (polyester, polyamide, etc.) used in vehicle seats.

 

Done in Rabat on June 19, 2025