# 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.

- Type: Acquisition
- Announced: 2019-03-22
- Where: Helmbrechts, Germany
- Status: completed
- Products: glass fiber, carbon fiber, automotive seat fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kneitz AG](https://endata.com/companies/38153.md) (acquirer)
- [V. Fraas GmbH](https://endata.com/companies/38154.md) (target)

## Sources

- [kurier.de](https://www.kurier.de/inhalt.wirsberg-hof-autozulieferer-kneitz-stellt-sich-breiter-auf.ba465b7d-952e-4674-8a9b-9ae208884e40.html), 2019-03-22: "Neben seinen Stoffen für Autositze produziert Kneitz damit nun auch Glasfaser und Carbonfaser für die Baubranche."

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