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Beaulieu International Group (B.I.G.) signed an agreement to acquire all shares of IFG Asota GmbH, an Austrian fiber company specializing in synthetic staple fibers, to strengthen its Fibres Division.
Alujain Corporation and Beaulieu International Group signed a preliminary agreement for a strategic joint venture to produce synthetic fibers and non-wovens in Yanbu, Saudi Arabia, expanding Alujain's existing GEONATPET activities.
Beaulieu International Group (B.I.G.) announced the sale of its technical textiles business, Beaulieu Technical Textiles (BTT), to funds advised by Munich-based private equity firm RCP. The transaction includes the transfer of 194 employees in Komen, Belgium.