DuPont Filaments: Acquisition of high-technology filament manufacturer Pedex

DuPont Filaments-Europe B.V., Langraaf/NL, today announced the signing of an agreement to acquire the assets of the German company Pedex, Wald-Michelbach/Germany, a specialist in high-technology brush filament manufacture. The acquisition is likely to be finalized by October 31, 2005, pending regulatory approval. Financial terms of the agreement were not disclosed.
The transaction reinforces the company’s commitment to the filaments
industry, where well-known brands such as DuPont™ Tynex®, Tynex® A,
Chinex® and Orel® filaments are part of its product offering. As part of the
agreement, DuPont Filaments-Europe will acquire Pedex’s existing
manufacturing assets in Wald-Michelbach, Germany, including around 130
employees. The company will also gain ownership of the various filament
products and technologies marketed by Pedex, as well as its marketing and
sales distribution network.
The Pedex range of products for industrial use and personal care is based on
the innovative use of specialized monofilament technology. Its acquisition
complements the existing DuPont Filaments’ offering in these sectors,
enabling the company to meet the needs of customers worldwide. Indeed,
the inclusion of the Pedex business, which has a particularly strong focus in
Europe, will further strengthen DuPont Filaments’ overall global coverage.
Further areas for synergy are created by DuPont’s company-wide position
as a prominent material supplier to the cosmetics industry and industrial
sectors – both markets which stand to benefit significantly from Pedex’s
product offering.
Commenting on the acquisition, Thierry Marin, global business director of
DuPont Filaments said: “The two companies complement each other
perfectly. The successful integration of Pedex’s innovative products, and
highly competent employees, will reinforce DuPont Filaments’ position as a
global supplier of high- performance filament solutions.”

Leave a Reply

You must be logged in to post a comment.