# Kordsa acquires Fabric Development and Textile Products for $100M

Turkey-based Kordsa has acquired commercial aviation industry composite suppliers Fabric Development Inc. (FDI) and Textile Products Inc. (TPI) as part of a $100 million investment to strengthen its composite market position in the United States.

- Type: Acquisition
- Announced: 2018-09-10
- Where: Quakertown, Pennsylvania and Anaheim, California, United States
- Value: $100.0M
- Status: completed
- Products: composite materials for commercial aviation
- 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

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/09/kordsa-acquires-two-u-s-based-composite-companies/), 2018-09-10: "Kordsa recently acquired commercial aviation industry composite suppliers Fabric Development Inc. (FDI), Quakertown, Pa., and Textile Products Inc. (TPI), Anaheim, Calif., as part of a $100 million investment."

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