Beaulieu International
Group announces the acquisition of Austria based synthetic fibre manufacturer IFG Asota GMBH
through a share purchase agreement.
IFG Asota’s portfolio
includes polypropylene, polyamide, polyethylene and PLA fibres serving
high-value markets such as flooring, automotive and filtration. The company’s
strong innovation capabilities are backed by a research centre with a unique
pilot line that accelerates product development.
The acquisition aligns with
Beaulieu’s ambition to be “the most complete staple fibre expert.” Jean-Baptiste
De Ruyck, CEO, Beaulieu International said “We are building a flexible and
agile global platform that reinforces our leadership, strengthens our presence
in existing markets, and opens the door to new, untapped territories. The
acquisition of Asota accelerates this journey.”
Jean-Baptiste De Ruyck, CEO, Beaulieu International said “We are building a flexible and agile global platform that reinforces our leadership, strengthens our presence in existing markets, and opens the door to new, untapped territories. The acquisition of Asota accelerates this journey.”
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