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Kordsa Global, a subsidiary of Sabanci Holding, has acquired Fabric Development, Inc. and Textile Products, Inc., leading providers of advanced composite materials for the aerospace sector. The transaction closed on July 13, 2018.
Continental and Kordsa Global are collaborating to develop a new adhesion system for textile reinforcing materials that replaces resorcinol and formaldehyde with eco-friendly chemicals, with plans for free licensing.