Bag Corp acquires Propex Foreign Holdings

“Propex Foreign Holdings leadership position in performance fabrics and the implicit supporting infrastructure were key elements in identifying the obvious, vertical integration value for Bag Corp. Having completed the acquisition, Bag Corp is now able to provide the highest quality FIBC products in North America, in combination with a substantially decreased lead time for those products,” said Robert Conley, president & CEO of Bag Corp in a company press release. “Bag Corp is truly excited to be inheriting such a high quality, experienced, and intelligent team in Matehaula, Mexico. The combination of our new team members along with our amazing, highly experienced, existing Bag Corp team provides us with a knowledge base second to none in the FIBC market today.”

Propex is nestled within the textile manufacturing hub of US with corporate headquarters in Chattanooga, TN. Propex continues to pioneer the synthetic fibre and fabric industry with cutting edge facilities in the US, Brazil, Mexico, Germany, and Hungary that produce hundreds of thousands of advanced products for a myriad of industries. (PC)

Fibre2Fashion News Desk – India