Freudenberg acquires 100% of Filc shares

Freudenberg acquired 100 percent of Filc shares effective December 31, 2019, after Austrian antitrust approval. Filc produces needle punch nonwoven textiles and laminated materials for automotive and construction industries, with 360 employees at three sites in Slovenia and a US sales office.

“With the acquisition, we want to further strengthen our performance materials business, and expand our portfolio and technological footprint in Europe.”freudenberg-pm.com

• 3 sources
• freudenberg-pm.comFilc is part of Freudenberg GroupJan 14, 2020
• inda.orgTransaction finalized: Filc is part of Freudenberg GroupJan 14, 2020
• indiantextilejournal.comFilc is part of Freudenberg Group - Indian Textile JournalJan 21, 2020

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