◂ Announcements

Mar 22, 2019ACQUISITIONHelmbrechts, Germany

Kneitz AG acquires 'Solutions in Textile' business from V. Fraas

Automotive supplier Kneitz AG has acquired the 'Solutions in Textile' business from V. Fraas GmbH, adding production of glass fiber and carbon fiber for the construction industry to its existing automotive textiles.

Status

Completed

Productsglass fibercarbon fiberautomotive seat fabrics

CompaniesKneitz AG acquirer V. Fraas GmbH target

Sectors#Industrial Textiles #Automotive Components

“Neben seinen Stoffen für Autositze produziert Kneitz damit nun auch Glasfaser und Carbonfaser für die Baubranche.”kurier.de

1 source
kurier.deWirsberg/Hof: Autozulieferer Kneitz stellt sich breiter auf - Oberfranken - Nordbayerischer KurierRoland TöpferMar 22, 2019

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

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