• PT Youtube
  • CW Facebook
  • CW Linkedin
  • CW Twitter
7/27/2018

Kordsa completes acquisition of FDI and TPI

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Kordsa has announced the completed acquisition of Fabric Development Inc. and Textile Products Inc., which provide advanced composite materials to the commercial aviation industry.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Reinforcement technologies company Kordsa (Istanbul, Turkey), after expanding its lines of business to composite technologies in 2016,  entered into a definitive purchase agreement to acquire Fabric Development Inc. (FDI, Quakertown, PA, US) and Textile Products Inc. (TPI, Anaheim, CA, US), which provide advanced composite materials to the commercial aviation industry, with an investment of approximately USD 100 million. Kordsa announced July 27 the completion of this acquisition.

With these acquisitions Kordsa continues its organic growth with R&D and technology investments while seeking for inorganic growth opportunities in composite business globally. 

Kordsa CEO Ali Çalışkan says, "This new step will ensure us to be a strategic supplier of key players in aerospace and civil aviation, particularly Boeing and Toray Composites Materials America Inc. With this acquisition, we also aim to strengthen our strong global leadership in reinforcement technologies. We used to reinforce the tires of the aircrafts, now we are honored to say that we will also reinforce the wings and hulls of the aircrafts with our composite technologies, as well as the landing tracks of those aircrafts with our construction reinforcement technologies."
 

RELATED CONTENT

  • The fiber

    The structural properties of composite materials are derived primarily from the fiber reinforcement. Fiber types, their manufacture, their uses and the end-market applications in which they find most use are described.

  • Advanced materials for aircraft interiors

    Applications aren't as demanding as airframe composites, but requirements are still exacting — passenger safety is key.

  • Boeing 787 Update

    Approaching rollout and first flight, the 787 relies on innovations in composite materials and processes to hit its targets

Related Topics

Resources