Turkey’s Kordsa to make $100m acquisitions in US

Istanbul, Turkey – Kordsa Inc, a Sabancı Holding subsidiary, is expanding its footprint in the North America and increasing its reinforcement technologies through the acquisition of two advanced composite technology firms in the US.

The Turkish company said it was acquiring Fabric Development Inc (FDI) and Textile Products Inc (TPI) for approximately $100m (€85m), in a bid to strengthen its position in the US and to become…

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