MANSFIELD, Ga.—Beaver Manufacturing Co. Inc. has acquired technical fiber producer Intercord Thuringen GmbH of Germany, expanding the global presence of North America's largest supplier of technical fiber reinforcements for hoses and other industrial applications.
Intercord produces cords for tires, hoses and transmission belts in the automotive and industrial industries. Terms of the deal weren't disclosed.
The partnership enables Beaver Manufacturing to add RFL treating technology to its product line and a production plant in Muhlhausen Thuringen, Germany, BMC said in a statement. BMC already has plants in the U.S. and Mexico.
"By acquiring Intercord, we are making a significant expansion into the European market, and at the same time, entering the tire and belt industry," Michael Dubin, BMC's senior vice president and chief operating officer, said in a statement. "Our plant in Germany will continue to produce RFL treated yarns and cords, as well as our hose products that incorporate Beaverloc treatments."
The acquisition comes two years after BMC opened its manufacturing site in Mexico.
BMC is the leading converter of hose yarn reinforcement in North America. The company manufactures adhesive treated fiber reinforcements for automotive, industrial, and oil and gas hoses, converting a wide range of technical textiles for hoses and other industrial applications.
"Beaver Manufacturing advanced the U.S. hose yarn industry with its environmentally friendly treated yarn solutions; now we can do the same here in Germany," added Intercord's Ramazan Yasbay, who will continue as managing director of the German facility for BMC. "Adding their technology and product line to ours will increase the level of innovation in this industry throughout Europe and the Americas."
