Martex Fiber Southern Corp. has completed an add-on acquisition of JBM Fibers, a shoddy (recycled fiber) manufacturing business in Brownsville, TX. JBM is a major regional player in the post-consumer textile waste industry providing recycled textile products to a diversified customer base nationwide.
Rick Otero, CEO of Martex Fiber, says, “Our acquisition of JBM Fibers’ assets will expand our pre-consumer textile recycling leadership position into the post-consumer segment. JBM’s position is extremely complementary to our “No fiber left behind” strategy, which diverts more than 130 million pounds of pre-consumer material each year from landfills, while also upgrading those materials into wiping rags and remnants for paint and industrial cleaning, shoddy for insulation and padding markets, and high quality recycled yarns for knitting and upholstery applications for our global customer base. Martex Fiber’s Brownsville division will also open up markets and geographies that we had not previously served.”