In a January 14 press release, Heytex Group announced its acquisition on BondCote. Heytex is involved in geosynthetics through the industrial side of the market. The company has established lines in flexible tanks, biogas tank covers, and oil booms. BondCote is a 65-year-old textile coating, laminating, and composite specialty company.
The industrial market clients may stand to benefit from the fusion of the two companies, which should enable some greater efficiency and distribution of products. The acquisition may also support stronger R&D for growth in industrial and environmental protection markets.
Coatings and composites have been key areas of influence in new products for industrial and geosynthetic applications in recent years.
Heytex Group’s CEO, Heribert Decher, says in the release, “We pursue a long-term strategy and set standards with our innovative products. With BondCote as a new member of the Heytex family we have made the next, very important step.”
The combined company will now operate four manufacturing facilities: two in Germany, one in the United States, and one in China.
The release notes that current BondCote management and employees will remain without interruption in operation. BondCote will also serve as the center for North American operations (sales, technical services, logistics) for the Heytex Group’s portfolio.
Sources: www.heytex.com, www.bondcote.com
