20 October 2000 19:07 [Source: ICIS news]
LONDON (CNI)--Dutch fibres group Acordis is to sell its Sympatex water-proofing membrane brand to Germany's CF Ploucquet, it was announced on Friday. No financial details were disclosed.
Sympatex is a windproof, water-proof and breathable membrane which is applied in water-proofing garments and shoes, said Acordis.
Ploucquet supplies textile products in the fields of functional fabrics and accessories for the garment industry.
Peter Wack, executive director of the Acordis group, explained: "In German-speaking Europe Sympatex already has a 60% market share. As Ploucquet has great expertise in lamination, coating, finishing and supplementary products, the combination will enable the business to increase the speed of the brand roll out in other countries."
The deal with Ploucquet is the latest in a lengthy list of disposals made by Acordis since it was sold by Dutch group Akzo Nobel. Earlier this week its announced plans to sell its aramid fibres business, Twaron Products, to Japanese chemicals and fibres major Teijin.
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