# Kordsa to acquire majority stake in Microtex Composites

Kordsa of Turkey is to acquire the majority shares of Italian composites company Microtex Composites, which provides carbon fibre fabrics and prepregs for marine, motorsport and super-luxury automotive industries.

- Type: Acquisition
- Announced: 2022-04-20
- Where: Prato, Italy
- Value: $26.0M (24.6M EUR)
- Status: announced
- Products: carbon fibre fabrics, prepregs
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Microtex Composites](https://endata.com/companies/33625.md) (target)
- [Kordsa Teknik Tekstil](https://endata.com/companies/34352.md) (partner)

## Sources

- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/kordsa-to-buy-majority-stake-in-italian-composites-firm/), 2022-04-25: "Kordsa of Izmut, Turkey, is to acquire the majority shares of Italian composites company Microtex Composites"
- [gaphaberleri.com](https://www.gaphaberleri.com/haber/91014/microtex-composites-srl-nin-kapanis-sureci.html), 2022-07-02: "21 Nisan 2022 tarihinde kamuya açıklandığı üzere, 20 Nisan 2022 tarihinde Microtex Composites S.r.l'nin sermayesinin yüzde 60'ını temsil eden payların tamamının şirketimizin bağlı ortaklığı Kordsa Inc tarafından 24.600.000 avro bedelle alınması amacıyla sözleşme imzalanmış ve kapanış süreci başlatıl"

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