Freudenberg has acquired 100% of Filc shares following Austrian antitrust approval.
Filc produces needle punch non-woven textiles and laminated materials primarily for the automotive and construction industries.
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The company has around 360 employees at three sites in Slovenia and a sales office in Dayton, US. Filc will be integrated into the Freudenberg Performance Materials Business Group and will continue trading using the name Filc for the time being
“With the acquisition, we want to further strengthen our performance materials business and expand our portfolio and technological footprint in Europe,” said Freudenberg Group CEO, Mohsen Sohi.
For his part, Freudenberg Performance Materials CEO, Frank Heislitz added: “Filc has great needle punch know-how which we will benefit from, especially in terms of composites.
“Filc´s exceptionally good adhesive coating abilities will allow us to offer customer solutions in adjacent segments in the construction business.
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By GlobalData“In addition, we will expand our technical expertise in acoustics, both in construction and automotive and provide customers a broad technology portfolio with lamination, printing and coating.”
