Significant parts of the Heytex Group have been sold to Freudenberg Performance Materials, part of Freudenberg Group, an approx AUD$16billion in sales family-owned conglomerate founded in 1849. Heytex digital media is highly regarded in the superwide sector.
Private equity investor Bencis Capital Partners is selling the core business of the Heytex Group with three production sites (two in Germany and one in China) and all central functions, including sales, research and development and administration, to Freudenberg Performance Materials (FPM). FPM is active in the market for coated technical textiles, as Heytex is, under the Mehler Texnologies brand. In 2023, the relevant part of the Heytex Group generated sales of around €100 million with approximately 400 employees. The transaction is subject to the approval of the antitrust authorities.
The merger under one roof will enable the new group to strengthen its technology platform and market presence, expand research and development capacities and benefit from each other.
“The Bramsche, Neugersdorf and Zhangjiagang sites will play a key role in the future direction due to their good investment status, as well as the new synergies and expanded resources,” says Hans-Dieter Kohake, CEO of the Heytex Group.
As part of its strategic orientation, Freudenberg is deliberately focusing on the two German and Chinese sites of the Heytex Group, which are ideally suited to the company's goals and focus. The sites will make a significant contribution to the further development and expansion of the new group's market leadership.
The Pulaski (USA) and Nijverdal (Netherlands) sites of Heytex will remain with the current shareholder Bencis Capital Partners and will continue to operate independently.
The Heytex Group is one of the world’s leading manufacturers in the field of development of high-quality and functional technical textiles. With its laminated and coated textiles, Heytex covers a very wide spectrum of products. Heytex products are used, for example, in truck and trailer tarpaulins, pavilions, large and warehouse tents, covers for containers and other protective cover applications as well as water vehicles such as boats. With its headquarters in Bramsche, Germany, the Heytex Group employes more than 500 people at five locations in Germany, the Netherlands, China and the USA.
Freudenberg Performance Materials (FPM) is a leading global supplier of innovative technical textiles for a wide range of markets and applications such as automotive, construction, apparel, energy, filter media, healthcare, interiors, footwear and leather goods as well as specialty applications. The company generated sales of more than €1.4 billion in 2023, has 32 production sites in 14 countries worldwide and employs more than 5,000 people. Freudenberg Performance Materials is committed to social and environmental responsibility as the foundation of its corporate success.
The Shann Group distributes Heytex products in Australia: https://www.theshanngroup.com/