# Kordsa Global acquires Fabric Development and Textile Products

Kordsa Global, a subsidiary of Sabanci Holding, has acquired Fabric Development, Inc. and Textile Products, Inc., leading providers of advanced composite materials for the aerospace sector. The transaction closed on July 13, 2018.

- Type: Acquisition
- Announced: 2018-07-13
- Where: Philadelphia and Los Angeles, United States
- Status: completed
- Products: advanced composite materials, specialty fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Sabanci Holding](https://endata.com/companies/24352.md) (partner)
- [Kordsa Global](https://endata.com/companies/26425.md) (acquirer)
- [Fabric Development Inc.](https://endata.com/companies/28626.md) (target)
- [Textile Products Inc.](https://endata.com/companies/28627.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/deloitte-corporate-finance-llc-advises-fabric-development-inc-and-textile-products-inc-in-their-sale-to-kordsa-global-a-subsidiary-of-sabanci-holding-300695184.html), 2018-08-10: "Deloitte Corporate Finance LLC acted as exclusive financial advisor to Fabric Development, Inc. and Textile Products, Inc. on their sale to Kordsa Global."

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