SergeFerrari Group to acquire Verseidag-Indutex from Jagenberg.

SergeFerrari Group, a designer, manufacturer and distributor of flexible composite materials, agreed to acquire Verseidag-Indutex, a PTFE glass materials provider, from Jagenberg, a management holding company active in the mechanical engineering and technical textiles sectors. Financial terms were not disclosed. "This acquisition will strengthen the Group's fundamentals. It also reinforces our position in the very attractive market for innovative non-combustible solutions and allows us to expand our product portfolio with, for example, larger production widths or environmentally friendly coating techniques that present great development potential. The highly complementary nature of the product ranges, business expertise and geographical footprint of our two companies is a definite step forward for the Group," Sébastien Baril, SergeFerrari Marketing and Digital Transformation Director.