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Kordsa acquires 60% stake in Microtex Composites for $25M · Endata

◂ Announcements

Aug 19, 2022ACQUISITIONItaly

Kordsa acquires 60% stake in Microtex Composites for $25M

Turkish textile manufacturer Kordsa acquired a 60% stake in Italian carbon fiber composites maker Microtex Composites for USD 25 million, expanding its composites business in the European luxury vehicle segment.

Value

$25.0M

Status

Completed

Productscarbon fiber composites

CompaniesKordsa acquirer Microtex Composites target

Sectors#Automotive Components

“The acquisition will allow the company to expand its composites business within the European luxury vehicle segment market”autotechinsight.spglobal.com

2 sources
autotechinsight.spglobal.comKordsa acquires majority stake in Italian carbon fiber specialist Microtex Composites - Automotive Technology Insight | Forecasts | Industry News | Supply ChainAug 19, 2022
etextilemagazine.comKordsa Acquired Italian Microtex Composites CompanyÖzge SutcuSep 20, 2022

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

More from Kordsa

Jan 3, 2024CONTRACTTürkiye
Kordsa signs long-term agreement with FACC for fire-retardant products
Kordsa FACC AG customer compositesworld.com
Apr 18, 2023EXPANSIONChattanooga, Tennessee, United States$50.0M200 jobs
Kordsa to invest $50M expanding tire cord fabric capacity in Chattanooga
Kordsa tn.gov
Feb 24, 2023ACQUISITIONPennsylvania and California, United States$100.0M
Kordsa to acquire Fabric Development Inc. and Textile Products Inc. for $100M
Kordsa acquirer Fabric Development Inc. target aa.com.tr
Dec 4, 2022EXPANSIONChattanooga, Tennessee, United States$20.0M
Kordsa invests $20M to double tire cord fabric capacity in Chattanooga, Tennessee
Kordsa lastikmagazin.com
Dec 4, 2022EXPANSIONIzmit, Turkey, Türkiye$18.0Mops Q3 2024
Kordsa invests $18M to expand HMLS polyester yarn capacity in Izmit, Turkey
Kordsa lastikmagazin.com
Dec 4, 2022EXPANSIONTurkey, Türkiye$7.00Mops Q1 2024
Kordsa invests $7M to expand single-end cord production in Turkey
Kordsa lastikmagazin.com

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