Issue
78: 3rd quarter 2009

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Editorial: Weaker Markets Spur Acquisitions in the European Technical Textile Industry |

7 pages,
published in Issue 78, 3rd quarter 2009
Report price:
Euro 275.00;
US$ 365.00
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European technical textile manufacturers and their suppliers have been reporting lower sales and profits for 2009. The downturn spans a wide range of sectors, and most players are relieved that the losses are not as bad as they might have been.
One outcome of the weaker conditions has been a series of announcements of significant consolidations in the second half of 2009 as companies have looked to their longer-term futures.
Examples of such consolidations include the purchases of: - Gammas Coating & Composites business unit by Jagenberg;
- Tamfelt by Metso;
- Perfojet by Andritz; and
- Oerlikon Enka Tecnica by its management.
This trend was first observed in the European automotive fabrics industry as a result of the decline in car sales which began in early 2008. More recent consolidations within this sector include the purchases of: - Eybl International by the Prevent Group;
- Fezko by Michel Thierry Group; and
- Stankiewicz by International Automotive Components (IAC).
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