USA : DuPont Filaments buys out German filament producer Pedex

DuPont's DuPont Filaments - Europe recently acquired the assets of German brush filament manufacturer Pedex. The acquisition will be finalized by October 31, 2005, pending regulatory approval. Financial terms of the agreement were not disclosed.

The transaction reinforces DuPont's commitment to the filaments industry. As part of the agreement, DuPont Filaments - Europe will acquire Pedex's existing manufacturing assets, including approximately 130 employees; will gain ownership of various filament products and technologies; and will take over Pedex's marketing and sales distribution network.

Thierry Marin, Global Business Director, DuPont Filaments stated that the two companies complement each other perfectly. The successful integration of Pedex's innovative products and employees will reinforce the position of DuPont Filaments as a global supplier of high-performance filament solutions.

DuPont manufactures resins and additives used in the trenchless pipe rehabilitation industry. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

German filament company pedex enhanced, more hygienic and optically more pleasing nylon bristles started to replace natural fibers and bristles. 1920 this banner year marks the foundation of Coronet, the present Coronet Group parent company, known in those days as "Hessische Hölzerwerke". The company was founded in Wald-Michelbach in the beautiful Odenwald region of Germany.

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