Fibertex acquires Turkish nonwovens producer Ribatek
October 15, 2015 - Turkey
Fibertex Nonwovens, a subsidiary of Danish Group Schouw & Co has acquired Turkey based Ribatek’s nonwoven activities, which greatly expands its capacity and helps in improved access to the Turkish market.
“The transaction will provide Fibertex Nonwovens, also a manufacturer of nonwoven textiles with a strong production platform within spunlacing technology,” a press release stated.
Spunlacing is a production method in which the nonwoven fabrics are manufactured by fibres being entangled by high-speed jets of water.
“Fibertex Nonwovens already has this technology in place in its French subsidiary, however, an increasing demand, necessitates an expansion of the capacity,” it added.
CEO of Fibertex Nonwovens, Jørgen Bech Madsen said, “We are experiencing a growing demand for new textiles being manufactured in line with the spunlacing method.”
“So, between building a new production line or taking over an existing manufacturer, we chose the latter in particular, due to Ribatek’s high quality and strategically important geographical location,” he too added.
Ribatek is situated in the town Cerkezkoy in the western part of Turkey and has easy access to qualified labour and raw materials.
Additionally, apart from the Turkish market, Fibertex Nonwovens will obtain an improved access furthermore to Western Asia and the Middle East.
Spunlaced products are softer and have better uniformity than traditional nonwoven textiles, and are more applicable for usage in the automobile industry, industrial purposes and production of wet wipes.
Ribatek was founded in 2006 and has two relatively new high technology production lines with a total annual capacity of 8,000 tons.
The acquisition of activities is expected to take effect from November 2, 2015, and will not have significant impact on the 2015 earnings forecast.
During 2016, the acquisition is expected to increase the revenue of Fibertex Nonwovens with DKK 50-100 million.
In 2002, Schouw & Co. acquired Fibertex A/S, which with effect from January 1, 2011 was divided into two sister companies, Fibertex Nonwovens A/S and Fibertex Personal Care A/S, respectively.
Fibertex Nonwovens is a leading manufacturer of nonwovens, i.e. non-woven textiles used in many different product lines like the car industry, furniture industry, building industry, for geotextiles and niche markets.
The company has an annual turnover of DKK 1.2 billion and has manufacturing businesses in Denmark, France, the Czech Republic, USA and South Africa, and sales subsidiaries in France, Portugal and Spain. (AR)
“The transaction will provide Fibertex Nonwovens, also a manufacturer of nonwoven textiles with a strong production platform within spunlacing technology,” a press release stated.
Spunlacing is a production method in which the nonwoven fabrics are manufactured by fibres being entangled by high-speed jets of water.
“Fibertex Nonwovens already has this technology in place in its French subsidiary, however, an increasing demand, necessitates an expansion of the capacity,” it added.
CEO of Fibertex Nonwovens, Jørgen Bech Madsen said, “We are experiencing a growing demand for new textiles being manufactured in line with the spunlacing method.”
“So, between building a new production line or taking over an existing manufacturer, we chose the latter in particular, due to Ribatek’s high quality and strategically important geographical location,” he too added.
Ribatek is situated in the town Cerkezkoy in the western part of Turkey and has easy access to qualified labour and raw materials.
Additionally, apart from the Turkish market, Fibertex Nonwovens will obtain an improved access furthermore to Western Asia and the Middle East.
Spunlaced products are softer and have better uniformity than traditional nonwoven textiles, and are more applicable for usage in the automobile industry, industrial purposes and production of wet wipes.
Ribatek was founded in 2006 and has two relatively new high technology production lines with a total annual capacity of 8,000 tons.
The acquisition of activities is expected to take effect from November 2, 2015, and will not have significant impact on the 2015 earnings forecast.
During 2016, the acquisition is expected to increase the revenue of Fibertex Nonwovens with DKK 50-100 million.
In 2002, Schouw & Co. acquired Fibertex A/S, which with effect from January 1, 2011 was divided into two sister companies, Fibertex Nonwovens A/S and Fibertex Personal Care A/S, respectively.
Fibertex Nonwovens is a leading manufacturer of nonwovens, i.e. non-woven textiles used in many different product lines like the car industry, furniture industry, building industry, for geotextiles and niche markets.
The company has an annual turnover of DKK 1.2 billion and has manufacturing businesses in Denmark, France, the Czech Republic, USA and South Africa, and sales subsidiaries in France, Portugal and Spain. (AR)