Freudenberg has signed a final agreement to acquire 100% of Filc shares.
Filc is a producer of needle punch non-woven textiles and laminated materials with a focus on the automotive and construction industry.
Privately-owned Filc is headquartered in Škofja Loka, Slovenia and operates two more production sites in Mengeš and Lendava, Slovenia, as well as a sales office in Dayton, Ohio. It has around 360 employees.
The transaction is subject to approval by antitrust authorities.
"With the acquisition, we would like to further strengthen our performance materials business and expand our portfolio and technological footprint in Europe," said Freudenberg Group CEO, Mohsen Sohi.
For his part, Freudenberg Performance Materials CEO, Frank Heislitz, added: "Filc has great needle punch know-how which we will benefit from, especially in terms of composites. Filc's adhesive coating abilities will allow us to offer customer solutions in adjacent segments in the construction business.
"In addition, we will expand our technical expertise in acoustics, both in construction and automotive and provide customers a broad technology portfolio with lamination, printing, and coating."
Filc was founded in 1937 and has been in the non-wovens business since 1963.
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