# Saertex acquires TK Industries

Saertex has acquired 100% of shares in Bavarian composite materials manufacturer TK Industries, a specialized fabric producer based in Selbitz, Germany.

- Type: Acquisition
- Announced: 2019-09-06
- Where: Selbitz, Germany, Germany
- Status: completed
- Products: multiaxial carbon fabrics, non-crimp fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SAERTEX](https://endata.com/companies/38117.md) (acquirer)
- [TK Industries](https://endata.com/companies/41927.md) (target)

## Sources

- [compositestoday.com](https://www.compositestoday.com/2019/09/saertex-acquires-tk-industries/), 2019-09-06: "The goal is to grow together and use common resources in purchasing, production and distribution."

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