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Kordsa to acquire Fabric Development Inc. and Textile Products Inc. for $100M · Endata

◂ Announcements

Feb 24, 2023ACQUISITIONPennsylvania and California, United States

Kordsa to acquire Fabric Development Inc. and Textile Products Inc. for $100M

Kordsa's US affiliate decided to buy Pennsylvania-based Fabric Development Inc. and California-based Textile Products Inc. for around $100 million, subject to US regulatory approval.

Value

$100.0M

Status

Announced

Productscomposite materials for aerospace

CompaniesKordsa acquirer Fabric Development Inc. target Textile Products Inc. target

Sectors#Industrial Textiles #Aerospace Components

“Turkey's Kordsa announced Wednesday that its U.S. affiliate decided to buy Pennsylvania-based Fabric Development Inc. and California-based Textile Products Inc. for around $100 million.”aa.com.tr

1 source
aa.com.trTurkey's Kordsa to buy two US companies for $100MFeb 24, 2023

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

More from Kordsa

Jan 1, 2025ACQUISITIONItaly
Kordsa finalizes acquisition of Microtex Composites
Kordsa acquirer Microtex Composites target microtexcomposites.com
Nov 22, 2024EXPANSIONChattanooga, Tennessee, United States$50.0M
Kordsa expands Nylon 66 yarn plant in Chattanooga
Kordsa industrialinfo.com
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
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

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