Antitrust authorities in Germany, Austria and Poland have approved the acquisition of the core business of Heytex by Freudenberg Performance Materials, the parent company of Mehler Texnologies.
Three Heytex production locations in Germany and China and all headquarter-related functions will now become part of the newly-formed Coated Technical Textiles division of Freudenberg Performance Materials.
The Bramsche, Neugersdorf and Zhangjiagang sites will play a key role in the future direction of the technical textiles business, with anticipated synergies.
“We are delighted that Heytex has become part of Freudenberg Performance Materials,” says CEO Dr Andreas Raps. “This lays the foundation for the two strong brands—Mehler Texnologies and Heytex—to grow together for the benefit of customers.”
Hans-Dieter Kohake, former CEO of the Heytex Group, will remain part of the management team.
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