Acordis sells its subsidiary Enka Tecnica in Heinsberg (Germany)

Acordis sells its subsidiary Enka Tecnica in Heinsberg (Germany) to Heberlein Fiber Technology of Wattwil, Switzerland. Financial details were not disclosed.

With a staff of approximately 130 people Enka Tecnica manufactures and markets spinnerets, other high precision components, and quality control and monitoring equipment for the man-made fibre industry.

Peter Wack, Executive Director of the Acordis group, said about the transaction: "Being a producer of man-made fibres we want to concentrate on our core competencies. As producer of first class precision products Enka tecnica will have better development opportunities with Heberlein."

Heinz Michel, Chief Executive Officer of Heberlein Fiber Technology said: "For Heberlein the acquisition of Enka Tecnica is an important and ideal completion of our existing product range. There are common interests in marketing, research and development and in production of high precision components of ceramic, stainless, and other high performance steels."

Acordis is a multinational group of businesses, supplying customers throughout the world with man-made fibres and speciality materials for industrial, textile, medical, and hygiene applications. The Acordis group has sales of some EUR 2.2 billion (USD 1.9 billion, GBP 1.4 billion), employs 15,000 people, and has production facilities in Germany, the Netherlands, the United Kingdom, the United States of America, Brazil, Italy, Spain, and Poland.

This article is published on NT New Textiles, see the contents.