Freudenberg acquires 100% of Filc shares

January 15, 2020 - Germany

Effective December 31, 2019, global technology group Freudenberg, acquired 100 per cent of Filc shares. The purchase agreement was signed in November. Austrian antitrust authorities approved the acquisition at end of December. Filc will be integrated into Freudenberg Performance Materials Business Group and continue trading under the name Filc for time being.

“With the acquisition, we want 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 An┼że Manfreda, CEO of Filc.

Filc produces needle punch nonwoven textiles and laminated materials primarily for the automotive and construction industries. The company has roughly 360 employees at three sites in Slovenia and a sales office in Dayton, OH, US.

Freudenberg has a long-standing global footprint and the broadest technology platform in the nonwovens industry and is thus an ideal partner for Filc. As a privately-owned company, Filc has very similar values and guiding principles to Freudenberg. Both companies have a strong focus on customers and innovation, as well as on people for finding the right solutions.

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.