Freudenberg acquires Filc
Freudenberg, the global technology group, has signed a final agreement to acquire 100 percent of the shares of Filc. Filc is a producer of needlepunch nonwoven textiles and laminated materials with a focus on the automotive and construction industry.
Freudenberg, the global technology group, has signed a final agreement to acquire 100 percent of the shares of Filc. Filc is a producer of needlepunch nonwoven textiles and laminated materials with a focus on the automotive and construction industry. Privately-owned Filc is headquartered in Škofja Loka, Slovenia, and operates two more production sites in Mengeš and Lendava, Slovenia, as well as a sales office in Dayton, OH, USA. Filc has roughly 360 employees. The transaction is subject to approval by the antitrust authorities.
“With the acquisition, we would like to further strengthen our performance materials business, and expand our portfolio and technological footprint in Europe,†says Dr. Mohsen Sohi, Freudenberg Group CEO.
“Filc has great needle punch knowhow, 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,†explains 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,†says Heislitz.
“With the acquisition, we would like to further strengthen our performance materials business, and expand our portfolio and technological footprint in Europe,†says Dr. Mohsen Sohi, Freudenberg Group CEO.
“Filc has great needle punch knowhow, 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,†explains 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,†says Heislitz.
CATEGORIES Spinning
