# 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.

- Type: Acquisition
- Announced: 2017-12-06
- Where: Pennsylvania; California, United States
- Value: $100.0M
- Status: announced
- Products: composite materials for aerospace
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Fabric Development Inc.](https://endata.com/companies/28626.md) (target)
- [Textile Products Inc.](https://endata.com/companies/28627.md) (target)

## Sources

- [en.yenisafak.com](https://en.yenisafak.com/economy/turkeys-kordsa-to-buy-two-us-companies-for-100m-2869939), 2017-12-06: "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."
- [compositesworld.com](https://www.compositesworld.com/news/kordsa-acquires-two-us-companies), 2017-12-11: "Kordsa will be among the major suppliers to the commercial aviation industry with these acquisitions."

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