The US-based, privately-owned company Alpha Engineered Composites is selling all its production equipment, customer base, and intellectual property rights.
“The acquired assets and accompanying solid customer base complement our product portfolio very well. We look forward with confidence to the opportunity to continue to develop products and solutions in advanced heat-resistant silicone coated fabrics, which are used in items such as train bellows and aircraft applications. We will also have full access to several renowned brands, such as Fairprene, well-established for fifty years. The acquisition is a good example of how the Trelleborg industrial solutions business area is climbing the value ladder to create better and larger business opportunities,” Jean-Paul Mindermann, president of the Trelleborg industrial solutions business area said in a statement.
“The annual sales of the acquired business amount to approximately $10 million. The acquisition gives Trelleborg access to advanced heat-resistant silicone coated fabric technologies, thereby allowing us to enter new markets in coated fabrics. We are equally excited to offer our existing customers new solutions and to expand our customer base by moving into adjacent applications,” Steve Brockman, vice-president and commercial director of Trelleborg’s engineered coated fabrics operation said.
Fibre2Fashion News Desk (GK)