Groz-Beckert looks back to successful Techtextil NA
Technology/Machinery
Groz-Beckert acquires Bekaert’s carding solutions business
The acquisition will allow Groz-Beckert to expand its existing service programme for card clothing by a corresponding product portfolio.
27th February 2015
Innovation in Textiles
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Albstadt/Kortrijk
Leading provider of industrial machine needles Groz-Beckert has signed an agreement with Bekaert to acquire Bekaert’s Carding Solutions activities.
The acquisition of the division that has around 350 employees allows Groz-Beckert to expand its existing service programme for card clothing by a corresponding product portfolio.
Agreement
The transaction covers the carding production facilities in Belgium, India, China and the USA, and the global sales and services network.
In the last fiscal year Bekaert’s Carding Solutions activities generated EUR 26 million annual revenues. Groz-Beckert and Bekaert anticipate a deal closing in the course of the second quarter of 2015.
Bekaert’s Carding Solutions activities will be added to Groz-Beckert’s nonwovens activities. On the one hand, the acquisition will enable Groz-Beckert a first access to the spinning industry. On the other, to offer all card clothing items from one source – from consulting, product recommendation and the entire product range through mounting service and special roll repair to start-up service.
Bekaert Carding Solutions
Bekaert’s portfolio for the carding industry includes card wires and clothing for short staple, nonwoven, woollen and worsted applications.
Bekaert carding solutions serve textile machine manufacturers and textile companies worldwide with advanced products and service programmes. The platform employs 350 people in its worldwide manufacturing, distribution and sales network.
Groz-Beckert
Groz-Beckert is the leading provider of industrial machine needles, precision parts and fine tools as well as systems and services for the production and joining of textile fabrics.
The products and services support the fields of knitting, weaving, felting, tufting and sewing. The family-owned company, founded in 1852, employed nearly 7,700 people and generated a turnover of around EUR 570 million in 2014. Groz-Beckert operates with agencies, production and distribution subsidiaries in more than 150 countries around the world.
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