# 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.

- Type: Acquisition
- Announced: 2023-02-24
- Where: Pennsylvania and California, United States
- Value: $100.0M
- Status: announced
- Products: composite materials for aerospace
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Kordsa](https://endata.com/companies/28625.md) (acquirer)
- [Fabric Development Inc.](https://endata.com/companies/28626.md) (target)
- [Textile Products Inc.](https://endata.com/companies/28627.md) (target)

## Sources

- [aa.com.tr](https://www.aa.com.tr/en/energy/invesments/turkeys-kordsa-to-buy-two-us-companies-for-100m/14855), 2023-02-24: "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."

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