Fibertex Nonwovens buying DUCI spunlace operations in Brazil; focus is on automotive
CLOVERDALE, CA, February 8, 2018-
Denmark’s Fibertex Nonwovens is buying the operations of Brazil’s DUCI joint venture from co-owners DuPont Brazil and Cipatex, the Schouw & Co. subsidiary announced on Friday. The acquisition, expected to take effect early this month, will be followed by a capacity expansion project at DUCI to be implemented over the next couple of years, according to Fibertex. No details on the expansion plan were released.
The acquirer commented that, “Fibertex Nonwovens…obtains a strong foothold in the growing South American market and progresses substantially towards a global market leader position as supplier of nonwovens for the automotive industry.”
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