“We are delighted that Heytex has become part of Freudenberg Performance Materials. This lays the foundation for the two strong brands Mehler Texnologies and Heytex to grow together for the benefit of customers,” said Dr. Andreas Raps, CEO of Freudenberg Performance Materials and member of the Freudenberg Group executive council. “Mehler Texnologies and Heytex will make up the newly-formed coated technical textiles division at Freudenberg Performance Materials. Hans-Dieter Kohake, former CEO of the Heytex Group, will contribute Heytex’s expertise to the management team. As senior vice president, Dr. Henk R Randau will lead the business going forward.”
Antitrust authorities in Germany, Austria, and Poland have approved Freudenberg Performance Materials’ acquisition of Heytex’s core business, including three production sites in Germany and China.
The merger combines Heytex and Mehler Texnologies into a new coated technical textiles division, expanding technology, market presence, and R&D.
With this merger, Mehler Texnologies and Heytex are expanding their technology platform and their global market presence, and increasing their R&D capacities. This will generate additional leverage for the development of innovative solutions for their joint customers, the company said in a press release.
Heytex operates worldwide and is a perfect match for Freudenberg Performance Materials, because its success is based on foundations such as innovation, customer orientation and outstanding quality. The Bramsche, Neugersdorf and Zhangjiagang sites will play a key role in the future direction of the technical textiles business at Freudenberg Performance Materials due to their good investment status and the expected synergies.
Fibre2Fashion News Desk (RR)
