Fibertex Nonwovens acquires newly built spunlacing production site in the US
Fibertex Nonwovens has acquired a newly established state-of-the-art spunlacing production business in Gray Court, South Carolina.
The new production site provides Fibertex Nonwovens, one of Europe’s leading manufacturers of nonwoven textiles, a strategically important foundation for further growth in the North American market. The facility’s current line has an annual capacity of 14,000 tons and the current facility has room to expand with additional production lines. With this acquisition, Fibertex Nonwovens will gain approximately 20 acres of industrial site, providing attractive opportunities for expansion. The newly acquired site in South Carolina is a strategic good complement to Fibertex Nonwovens’ existing site in Illinois.
“We will exploit the advantages of now having Fibertex Nonwovens production sites located in the most important markets in Europe, Africa, South and North America,” said Jørgen Bech Madsen, CEO of Fibertex Nonwovens. “At the same time, we will make full use of the our global product development capabilities, which has contributed to some of the most recent technological breakthroughs. We therefore see a great potential in investing in further growth.”
The seller is the Turkish nonwovens manufacturer, Mogul, which established the production site in South Carolina in 2016. The South Carolina plant has a production line with the latest spunlacing technology, a relatively advanced method of production, where the fibers of the non-woven textiles are entangled using high-speed jets of water. Fibertex Nonwovens has many years of positive experience with this technology, which is increasingly gaining traction in the nonwovens industry worldwide.
“We have been offered to acquire the production site as Mogul wants to focus on its Madaline (TM) product and new innovative nonwovens in Turkey,” said Madsen. “The line has been built in accordance with state-of-the-art production principles and already operates in a fully reliable manner. In this way, we save time and money compared to a greenfield investment in North America, where the market is currently undergoing rapid growth.”
For further information, please contact:
CEO Jørgen Bech Madsen, Fibertex Nonwovens, +45 96 35 35 35
CEO Jens Bjerg Sørensen, Schouw & Co., +45 86 11 22 22