Sabanci Holding buys COBAFI in Brazil from Diolen

Arnhem, Netherlands - Acordis' Diolen polyester industrial yarn and tyre cord fabric operations COBAFI (Companhia Bahiana de Fibras) based in Camaçari, Brazil have been sold  to Haci Omer Sabanci Holding AS.  

 

The transaction follows from Diolen Industrial Fibers' strategy, which emphasises serving local customers from a local supply source. The acquisition by Sabanci, which already has successful operations in South America, enables COBAFI to further strengthen its position as leading supplier of polyester yarns for tyre reinforcement and technical applications in South America.