Germany-based Freudenberg Performance Materials (FPM) recently acquired the core business of the Germany-based Heytex Group including three production locations, as well as headquarters-related functions including sales and research and development. The assets, purchased from private equity investor Bencis Capital Partners, employ 400 associates and generated approximately $100 million euros in 2023.
“The acquisition of major parts belonging to the Heytex Group complements our business in coated technical textiles ideally: we are expanding our technology platform, our market exposure and R&D capabilities,” said Dr. Andreas Raps. “… At the same time, we are gaining access to new, attractive product segments and strengthening our capabilities in the field of coated technical textiles.”
In related news, Bondcote® engineered fabrics producer HeyTex USA Inc., Pulaski, Va., was purchased by XFS Global LLC, a service-disabled, veteran-owned fabric shelters and support technologies company. HeyTex USA has been renamed BondCote Performance Textiles LLC and will continue to operate as a separate company under the leadership of XFS Global.
2024 Quarterly Issue IV
