BEEK, the Netherlands — December 2, 2019 — Fiber companies Lumat Group, Dominion Fiber Technologies (DFT) and EuroFibers, with a collective experience in technical textiles and fiber enhancing services of more than 60 years, have officially announced their merger. The new group will trade under the name FibrXL from January 2020. Marcel Alberts, previously of EuroFibers, and Jeroen Drenth, previously of Lumat, will continue as managing directors of the combined company. Significant synergy opportunities as well as global expansion of the high-performance fibers portfolio are the main reasons to combine the three companies into one. FibrXL is fully committed to becoming the global leader in the sales, marketing and distribution of high-performance fibers, industrial yarns and related converting services.
EuroFibers and Active Capital Co., the investor behind Lumat and DFT, saw the need for a “global one stop fiber shop” and for that reason jointly decided to create a single brand for the three companies, that are very complementary to each other. By combining the vast product knowledge and expertise of the individual companies, as well as their worldwide sales force, logistics services, warehousing facilities, and converting capabilities, a new group is created that can serve the market on a worldwide scale.
Global One Stop Fiber Shop
FibrXL is the global one stop fiber shop for technical textiles, where a broad product portfolio, technical expertise, market and application knowledge, decades of experience and an extensive customer, supplier, and distribution network are brought together.
In short, FibrXL is the distributor, and innovation partner of the world’s largest producers of high-performance fibers, like Dyneema®, Twaron®, Technora®, Vectran® and Zylon® (FibrXL Performance) and leading distributor of industrial yarns like Polyester, Polyamide and Viscose (FibrXL Industrial). FibrXL works with regional sales managers and agents in both the EU and the USA to efficiently connect their suppliers with their end customers. Not only can FibrXL deliver the unprocessed fibers, but the company can also customize the products in color, size, weight, packaging, and delivering to the customers wishes; direct from stock.
“We are absolutely thrilled to introduce FibrXL to the market. Our global reputation, broad network and combined years of experience in high-performance and industrial fibers will provide customers with the best of both worlds,” said Drenth, current Lumat managing director and future managing director FibrXL Industrial.
“We are delighted to join forces with the Lumat and DFT team. Their exceptional network and textile experience together with the high-performance portfolio and product know-how of EuroFibers will represent the next generation of outstanding service to our industry,” said Marcel Alberts, current Eurofibers managing director and future managing director FibrXL Performance.
Posted December 2, 2019
Source: FibrXL
