Kordsa completes majority shares acquisition of Microtex Composites

Offering reinforcement technologies from the U.S. to the Asia Pacific, Kordsa (Izmut, Turkey) continues its investments in advanced composites technologies. The company recently completed the acquisition of majority shares of Microtex Composites (Prato, Italy) in line with its strategic growth plans. Kordsa says it will expand its global footprint in the composites business with its new facilities in Europe.

Microtex Composites specializes in the weaving of carbon fiber and prepreg production, mainly for super luxury automotive and motorsports in Europe. The addition of these capabilities will reportedly increase Kordsa’s competencies in composites, aiming to provide industry-based and product-based diversity. Moreover, aiming for a sustainable future, Kordsa says the acquisition reflects its investment in products that contribute to the reduction of fuel consumption by vehicle lightweighting with both tire reinforcement and composites technologies.

“At Sabancı Group, our strategic focus is on sustainability and global leadership in our business lines. Microtex Composites, founded by Massimo Becagli, has proven its success with its technologies and product portfolio,” Cevdet Alemdar, president of the Sabancı Holding Industry Group, and chairman of the Board of Directors at Kordsa, says. “With this investment, Microtex Composites becomes a Kordsa network that will extend to further accomplishments. Kordsa’s Composite business, together with Microtex Composites, will now set sail to new horizons.”

According to Kordsa CEO, İbrahim Yıldırım, since entering the composites technologies business in 2012, mobility has been a key focus area for Kordsa. “With our new investment, we are expanding our product lines while aiming to reduce our emissions and strengthen our position as a leading global supplier of advanced materials,” Yıldırım contends.

Massimo Becagli, managing director of Microtex Composites, believes the partnership will solidify Microtex’s international dynamism.