Kordsa to acquire Fabric Development and Textile Products

Kordsa, textile manufacturer, to acquire Fabric Development and Textile Products, aerospace clothing firms. Financial terms were not disclosed. “This investment will allow Kordsa, within our composite technologies strategy, to now reinforce the wings and fuselage of an aircraft, in addition to our legacy aircraft tire reinforcement capabilities. Following the consummation of the acquisition of FDI and TPI companies in Philadelphia and Los Angeles, Kordsa will operate on four continents with its ten plants. As Kordsa, we will continue to reinforce life and take firm steps forward.” Ali Caliskan Kordsa chief executive officer.