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Kordsa to acquire Fabric Development and Textile Products for $100M · Endata

◂ Announcements

Dec 6, 2017ACQUISITIONPennsylvania; California, United States

Kordsa to acquire Fabric Development and Textile Products for $100M

Turkey's Kordsa announced its US affiliate will buy Fabric Development Inc. (Pennsylvania) and Textile Products Inc. (California) for approximately $100 million. Both companies supply composite materials to the aerospace industry.

Value

$100.0M

Status

Announced

Productscomposite materials for aerospace

CompaniesKordsa acquirer Fabric Development Inc. target Textile Products Inc. target

Sectors#Aerospace Components #Industrial Textiles

“Turkey's Kordsa announced Wednesday that its U.S. affiliate decided to buy Pennsylvania-based Fabric Development Inc. and California-based Textile Products Inc. for around $100 million.”en.yenisafak.com

2 sources
en.yenisafak.comTurkey's Kordsa to buy two US companies for $100MErsin ÇelikDec 6, 2017
compositesworld.comKordsa acquires two US companies | CompositesWorldSara BlackDec 11, 2017

Summarized from public sources; check the original articles before acting on it.

More from Kordsa

Jul 24, 2019ACQUISITIONUnited States$181.0M
Kordsa acquires Axiom Materials for USD 181 million
Kordsa acquirer Axiom Materials target texdata.com m.aa.com.tr
Jul 18, 2019EXPANSIONİzmit, Türkiye$17.5Mops May 2019
Kordsa opens 100 million TL polyester yarn line in İzmit
Kordsa textilegence.com
May 31, 2019EXPANSIONIzmit, Turkey, Türkiye$17.7Mops 31 May 2019
Kordsa inaugurates new polyester yarn line in Izmit, Turkey
Kordsa tyrepress.com innovationintextiles.com
May 3, 2019PARTNERSHIP
Kordsa and Continental develop Cokoon eco-friendly adhesion system
Continental partner Kordsa partner reinforcer.com
Mar 6, 2019PARTNERSHIP
Continental and Kordsa develop Cokoon adhesive technology
Continental partner Kordsa partner innovationintextiles.com
Feb 18, 2019ACQUISITIONCalifornia, United States$181.0M
Kordsa to acquire Axiom Materials
Sabanci Holding investor Kordsa acquirer textileworld.com prnewswire.com find.com.tr

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