M&A Deal Summary

Kordsa Acquires Fabric Development

On December 6, 2017, Kordsa acquired apparel/textiles company Fabric Development

Acquisition Highlights
  • This is Kordsa’s 2nd transaction in the Apparel/Textiles sector.
  • This is Kordsa’s 2nd transaction in the United States.
  • This is Kordsa’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-12-06
Target Fabric Development
Sector Apparel/Textiles
Buyer(s) Kordsa
Deal Type Add-on Acquisition

Target

Fabric Development

Quakertown, Pennsylvania, United States
Fabric Development, Inc. is a manufacturer of specialty woven, knitted and braided fabrics to meet specific applications. Fabric Development, Inc. was established in 1972 and is based in Quakertown, Pennsylvania.

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Buyer(S) 1

Buyer

Kordsa

İzmit, Turkey
Category Company
Founded 1973
Sector Apparel/Textiles
Employees4,706
Revenue 23.5B TRY (2023)
DESCRIPTION

Kordsa is a manufacturer and sells nylon and polyester yarns, cord fabrics, and single end cord products. Kordsa was established in 1973 and is based in ?zmit, Turkey.

DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Textile Products

Anahiem, California, United States

Textile Products, Inc. is a textile manufacturer, experienced in the development and production of custom fabrics. Textile Products, Inc. was established in 1976 and is based in Anaheim, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-18 Axiom Materials

Santa Ana, California, United States

Axiom Materials, Inc. is a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace & defense, industrial, automotive, medical device, and electronics industries. The Company provides customized, mission-critical products that are characterized by lightweight, durable, and temperature-resistant properties to over 300 customers.

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