We are pleased to announce that the acquisition of Heytex Group core business has been successfully completed following approvals from antitrust authorities in Germany, Austria, and Poland. Please find further information here.
Bramsche, October 2nd 2024.
Heytex USA Inc., a wholly owned subsidiary of Heytex Bramsche GmbH, is being sold to a local strategic investor with immediate effect. Following the recently announced imminent takeover of the Heytex Group by Freudenberg Performance Materials (FPM) based in Weinheim (Baden-Württemberg), a future-oriented solution has been found for the location in the USA, which is not part of the Heytex sale to FPM. The current Heytex USA Inc. will operate under the name Bondcote Performance Textiles in the future, so that the brand name “Bondcote”, which is highly valued by customers, will once again come to the fore.
“We were very interested in finding a promising solution for our plant in Pulaski (VA), which will not be sold to FPM. With XFS, Heytex USA will be owned by someone who knows the American market inside out, providing the basis for a successful future. For the employees in Pulaski, this is a great opportunity to continue the work of the last few years at the site. I believe that we are leaving Heytex USA and our valued customers and local colleagues in good hands,” says Hans-Dieter Kohake, CEO of the Heytex Group.
“The Bondcote Performance Textiles organization has offered Berry Amendment compliant fabrics, integral to our shelter solutions that facilitate military operations worldwide. With this acquisition, XFS Global continues to enhance our vertical integration and streamline operations to the benefit of our customers, particularly the U.S. military and Allied forces,” said Jacob Furbee, President and CEO of XFS Global.
“As both companies are strategically located in Virginia, our collaboration will create efficiencies supporting our continued process improvements and quality control initiatives and will make us even more agile and operationally efficient,” added Paul Wilcox, Vice President of Business Development & Market Growth.
“We are excited about the opportunities this acquisition will create for our customers across all sectors, as well as for our employees. Together, XFS Global and Bondcote Performance Textiles will be able to achieve rapid growth while delivering the highest quality solutions,” concluded Mr. Furbee.
Bramsche, September 24, 2024- Private equity investor Bencis Capital Partners is selling the core business of the Heytex Group with three production sites (two in Germany and one in China) and all central functions, including sales, research and development and administration, to Freudenberg Performance Materials (FPM). FPM is active in the market for coated technical textiles, as Heytex is, under the Mehler Texnologies brand. In 2023, the relevant part of the Heytex Group generated sales of around EUR 100 million with approximately 400 employees. The transaction is subject to the approval of the antitrust authorities.
The merger under one roof will enable the new group to strengthen its technology platform and market presence, expand research and development capacities and benefit from each other.
“The Bramsche, Neugersdorf and Zhangjiagang sites will play a key role in the future direction due to their good investment status, as well as the new synergies and expanded resources,” says Hans-Dieter Kohake, CEO of the Heytex Group.
As part of its strategic orientation, Freudenberg is deliberately focusing on the two German and Chinese sites of the Heytex Group, which are ideally suited to the company’s goals and focus. The sites will make a significant contribution to the further development and expansion of the new Group’s market leadership.
The Pulaski (USA) and Nijverdal (Netherlands) sites of Heytex will remain with the current shareholder Bencis Capital Partners and will continue to operate independently.
Bramsche, September 2023
Solidarity in Bramsche were once again evident when Heytex Bramsche GmbH, a committed company in the region, presented a donation of 1500 euros to the Bramscher Tafel last week. This event follows on from the willingness to donate that had already taken place after the last Expo in 2019, when the company made a donation to the Löwenherz children’s hospice.
During the EXPO, which this year took place on September 10 in the Engter industrial park, visitors had the opportunity to discover the diversity of the local company and do good at the same time. One of the main attractions in return for a donation was the 65m high crane gondola, which provided thrills and excitement, and ice cream was also a welcome refreshment on this hot summer day.
The willingness to donate was impressive, so that the sum of 1500 euros, which was increased by the Heytex works council, could be handed over to the Bramscher Tafel last week at a meeting and with a symbolic check.
This action was organized by the Expo project team and the company’s works council. The Chairman of the Works Council, Mario Walhorn, emphasized the importance of community solidarity and stated: “We are pleased to be able to make a contribution to support the Bramscher Tafel. We are deeply grateful for the generosity of the donors and are delighted that such a round sum has been raised. This donation shows how strong our community is and how important it is to support each other.”
The Bramscher Tafel, represented by Berthold Schlüter, expressed their gratitude for this generous donation and emphasized how important such support is to their ongoing efforts.
Image: Heytex
Image: Heytex
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