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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Kordsa Inc to buy minority stake in Microtex Composites for EUR 34.9M · Endata

◂ Announcements

May 20, 2025ACQUISITIONItaly

Kordsa Inc to buy minority stake in Microtex Composites for EUR 34.9M

Kordsa Inc, a subsidiary of Kordsa Teknik Tekstil, will acquire the 39% minority shares of Microtex Composites S.r.l for EUR 34,940,344. The acquisition is subject to option agreement and timing is uncertain.

Value

$38.0M (34.9M EUR)

Status

Announced

Productscomposite materials

CompaniesKordsa acquirer Microtex Composites target Kordsa Teknik Tekstil partner

Sectors#Industrial Textiles

“Şirketimizin yüzde 61 oranında dolaylı bağlı ortaklığı olan Microtex Composites S.r.l'nin yüzde 39'luk tutarındaki azınlık hissesinin opsiyon sözleşmesi çerçevesinde, şirketimizin bağlı ortaklığı Kordsa Inc. tarafından 34.940.344 avro bedelle satın alınmasına karar verilmiştir.”larende.com

1 source
larende.comKordsa Inc'den, Microtex Composites'in azınlık paylarını alma kararı - pub-2603057523004780May 20, 2025

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
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

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