Freudenberg acquires Filc

“With the acquisition, we would like to further strengthen our performance materials business, and expand our portfolio and technological footprint in Europe,” said Dr. Mohsen Sohi, Freudenberg Group CEO.

“Filc has great needle punch know-how which we will benefit from, especially in terms of composites. Filc´s exceptionally good adhesive coating abilities will allow us to offer customer solutions in adjacent segments in the construction business,” said Dr. Frank Heislitz, Freudenberg performance materials CEO. “In addition, we will expand our technical expertise in acoustics, both in construction and automotive, and provide customers a broad technology portfolio with lamination, printing, and coating.”

“Becoming part of a globally active company offers an opportunity for regional and global expansion of our business. In addition, sharing our expertise in technology will be crucial to scale up our growth,” said Anže Manfreda, CEO of Filc. The company was founded in 1937 and has been in the nonwovens business since 1963. Freudenberg has a long-standing global footprint and the broadest technology platform in the nonwovens industry and is thus an ideal partner for Filc.

Freudenberg Performance Materials is a global manufacturer of innovative technical textiles offering differentiated value propositions to a broad range of applications such as apparel, automotive, building materials, energy, filter media, healthcare, hygiene, building interiors, shoe and leather goods as well as specialties.

Fibre2Fashion News Desk (PC)