CONOVER - Nonwovens manufacturer Fibrix has been acquired by VPC Group, a vertically integrated foam and fibre manufacturer that primarily supplies the bedding sector,
The strategic acquisition will allow Toronto, Canada-based VPC to better serve its customer base across all product lines, according to a company statement. The combined strengths, capabilities and overall footprint of the two companies provide a positive outlook for increased market competitiveness and growth opportunities as well, company officials said.
"VPC’s nonwoven businesses now operate under its Fybon umbrella in Canada. In the coming months, VPC will use this opportunity to consolidate the identity of its expanded nonwoven business under the Fibrix banner," VPC said in a statement. "The combined name will solidify the identity of the two companies, offering one brand across North America."
Current chief operating officer and partner of Fibrix, Dean Cobb, will continue to serve as president of Fibrix USA, while remaining a minority shareholder in the company.
