WEINHEIM – Competition authorities in Germany, Austria and Poland have approved the acquisition of Heytex by Freudenberg Performance Materials Holding GmbH, the parent company of Mehler Texnologies.
Heytex’s core business, with three production locations in Germany and China and all headquarter-related functions will now become part of the newly-formed specialist for coated technical textiles.
“We are delighted that Heytex has become part of Freudenberg Performance Materials. This lays the foundation for the two strong brands Mehler Texnologies and Heytex to grow together for the benefit of customers,” said Andreas Raps, CEO of Freudenberg Performance Materials and member of the Freudenberg Group Executive Council.
“Mehler Texnologies and Heytex will make up the newly-formed Coated Technical Textiles Division at Freudenberg Performance Materials. Hans-Dieter Kohake, former CEO of the Heytex Group, will contribute Heytex’s expertise to the management team. As senior vice president, Henk R. Randau will lead the business going forward.”
With this merger, Mehler Texnologies and Heytex are expanding their technology platform and their global market presence, and increasing their R&D capacities. This will generate additional leverage for the development of innovative solutions for their joint customers.
Heytex operates worldwide and is described as a perfect match for Freudenberg Performance Materials. The Bramsche, Neugersdorf and Zhangjiagang sites will play a key role in the future direction of the technical textiles business at Freudenberg Performance Materials due to their good investment status and the expected synergies, the company said.
