# Porcher Industries acquires Cordtech International

Porcher Industries acquired 100% of Cordtech International, a specialist in technical threads for the automotive industry. The deal includes all 72 employees and €16.5 million in revenue.

- Type: Acquisition
- Announced: 2016-11-15
- Where: France
- Jobs: 72
- Status: completed
- Products: technical threads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Porcher Industries](https://endata.com/companies/19668.md) (acquirer)
- [Cordtech International](https://endata.com/companies/19669.md) (target)
- [RDC15](https://endata.com/companies/19792.md) (investor)

## Sources

- [capitalfinance.lesechos.fr](https://capitalfinance.lesechos.fr/deals-m-a/mid-cap/porcher-industries-se-noue-a-cordtech-internartional-113831), 2016-11-15: "le fabricant de textiles techniques et de matériaux composites a racheté l’intégralité de Cordtech International, un spécialiste ardéchois des fils techniques qui appartenait jusqu’alors à Renaud Delaage."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2016/11/porcher-industries-acquires-cordtech-international-company-becomes-market-leader-in-transmission-belt-reinforcements/), 2016-11-28: "This acquisition is a development opportunity."
- [alchempro.com](https://www.alchempro.com/news/technical-textiles/porcher-industries-acquires-cordtech-international-202830-newsdetails.htm), 2016-12-01: "French producer of technical textiles and composites Porcher Industries has acquired another French company Cordtech International, which is into processing and treatment of industrial fibres for the car market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.