Aquafil To Acquire Scottish Carpet Yarn Business
Cartersville, GA, Aug. 20, 2014 -- The Aquafil Group said it has signed a binding agreement with W & J Knox in Kilbirnie, Scotland for the acquisition of its carpet yarn processing division.
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W & J Knox has a well-established operation of cabling, heat setting and air entangling that services the UK and continental European markets for both fiber manufacturers and carpet mills.
The Aquafil Group has established a new company under the name of Aquafil UK that will continue the W & J Knox fiber processing operation once the acquisition is complete, which is likely to occur in early September.
According to Franco Rossi, president of Aquafil USA, the acquisition will provide the perfect logistical base to supply customers in the UK and other Northern European countries.
The Kilbirnie facility will complement Aquafil’s existing European plants located in Italy, Slovenia and Germany.