# ELG Carbon Fibre sells short fibre business to Procotex; management launches Gen 2 Carbon

ELG Carbon Fibre divested its short fibre business to Procotex Corporation SA, while its management bought out the long fibre business and launched Gen 2 Carbon to continue developing recycled carbon fibre products for the composites industry.

- Type: Acquisition
- Announced: 2021-05-11
- Where: Coseley, United Kingdom
- Status: completed
- Products: recycled carbon fibre, carbon fibre nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Gen 2 Carbon](https://endata.com/companies/56643.md)
- [ELG Carbon Fibre](https://endata.com/companies/35905.md) (target)
- [Procotex Corporation](https://endata.com/companies/56642.md) (acquirer)
- [ELG Haniel](https://endata.com/companies/56644.md) (investor)

## Sources

- [gen2carbon.com](https://www.gen2carbon.com/elg-carbon-fibre-becomes-gen-2-carbon/), 2021-07-23: "We worked with Mitsubishi Corporation to find ways to facilitate ECF’s new path into the future."

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