09.29.24
Here's your weekly recap—the most-viewed news stories on our site for the week ended Sept. 28, 2024.
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. 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.
Meanwhile, two major nonwovens trade associations, INDA, the Association of the Nonwovens Industry, based in Cary, NC, and EDANA, the Voice of Nonwovens, headquartered in Brussels, Belgium, have announced the signing of a Letter of Intent (LOI) to explore a strategic alliance. This marks a significant step toward leveraging their combined expertise and resources to address global challenges and drive new opportunities in the nonwovens industry. Leaders from the association signed the agreement during the EDANA-organized Outlook conference in Rome, Italy.
Here are our top 3 most-viewed stories from the past week:
1. Freudenberg Expands Coated Textiles Business
2. Major Trade Associations to Explore Strategic Alliance
3. Depend Teams Up with NFL Legend Emmitt Smith
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. 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.
Meanwhile, two major nonwovens trade associations, INDA, the Association of the Nonwovens Industry, based in Cary, NC, and EDANA, the Voice of Nonwovens, headquartered in Brussels, Belgium, have announced the signing of a Letter of Intent (LOI) to explore a strategic alliance. This marks a significant step toward leveraging their combined expertise and resources to address global challenges and drive new opportunities in the nonwovens industry. Leaders from the association signed the agreement during the EDANA-organized Outlook conference in Rome, Italy.
Here are our top 3 most-viewed stories from the past week:
1. Freudenberg Expands Coated Textiles Business
2. Major Trade Associations to Explore Strategic Alliance
3. Depend Teams Up with NFL Legend Emmitt Smith
