# Kordsa to acquire Axiom Materials

Kordsa, a subsidiary of Sabanci Holding, has agreed to acquire Axiom Materials, a supplier of advanced composites. The acquisition is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2019-02-18
- Where: California, United States
- Value: $181.0M
- Status: announced
- Products: advanced composites, prepreg, adhesives
- 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) (investor)
- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Axiom Materials](https://endata.com/companies/30440.md) (target)
- [Sabancı Holding](https://endata.com/companies/37455.md) (partner)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2019/02/axiom-materials-to-be-acquired-by-kordsa-merging-international-leaders-in-industrial-materials/), 2019-02-18: "Merging business interests with Kordsa is an ideal strategic move for our company."
- [prnewswire.com](https://www.prnewswire.com/news-releases/axiom-materials-to-be-acquired-by-kordsa-merging-international-leaders-in-industrial-materials-300797308.html), 2019-02-18: "The acquisition of Axiom Materials is an important next step in our growth strategy."
- [find.com.tr](https://www.find.com.tr/News/1433/kordsa-dan-abd-de-yeni-yatirim-kordsatekniktekstilanonimsirketi), 2019-02-19: "Kordsa, ABD’de yerleşik Axiom Materials’ı 181 milyon ABD doları şirket değeri üzerinden yaklaşık %96’sına kadar hissesini satın almak için sözleşme imzaladı."
- [dailysabah.com](https://www.dailysabah.com/business/2019/02/20/kordsa-acquires-us-based-axiom-materials), 2019-02-20: "Merging business interests with Kordsa is an ideal strategic move for our company, as it will combine Axiom's innovation in advanced composite technologies with Kordsa's scientific expertise and operational excellence."

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