09.24.24
Freudenberg Performance Materials is expanding its coated technical textiles business, Mehler Texnologies, through the acquisition of major parts of the Heytex Group from the private equity investor Bencis Capital Partners. The acquisition covers Heytex's core businesses with three production locations (Germany and China) and all headquarter related functions including sales and research and development. Headquartered in Bramsche, Germany, Heytex Group is one of the world’s leading manufacturers of high-quality and functional technical textiles In The parts of the Heytex Group being acquired by Freudenberg Performance Materials generated sales of roughly €100 million with a workforce of some 400 employees last year. The transaction is subject to approval by the antitrust authorities.
“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. This will lead to leveraged innovative solutions for our customers. At the same time, we are gaining access to new, attractive product segments and strengthening our capabilities in the field of coated technical textiles,” says Dr. Andreas Raps, CEO of Freudenberg Performance Materials and Member of the Executive Council of the Freudenberg Group. "Heytex operates worldwide and is a perfect match for Freudenberg, because its success is based on foundations such as innovation, customer orientation and outstanding quality."
“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. This will lead to leveraged innovative solutions for our customers. At the same time, we are gaining access to new, attractive product segments and strengthening our capabilities in the field of coated technical textiles,” says Dr. Andreas Raps, CEO of Freudenberg Performance Materials and Member of the Executive Council of the Freudenberg Group. "Heytex operates worldwide and is a perfect match for Freudenberg, because its success is based on foundations such as innovation, customer orientation and outstanding quality."