Deloitte Corporate Finance acted as exclusive financial advisor to Fabric Development (FDI) and Textile Products (TPI) on their sale to Kordsa Global.
“The Deloitte Corporate Finance team helped us connect with buyers across the globe, resulting in our sale to Kordsa, a real innovator in the advanced material sector,” said Peter Shah, president and owner of FDI and TPI.
“FDI and TPI are important composite materials participants in the aerospace sector. Helping the FDI and TPI founders achieve their goals was of paramount importance to our team as we considered potential acquirers from across the globe,” said Eric Andreozzi, managing director and head of the industrial services group at Deloitte.
Founded in 1972 and 1976, respectively, Fabric Development and Textile Products provide specialty fabrics for prepreggers and fabricate composite structures. The companies cover a wide range of aerospace, defense, and general industrial applications throughout the world.
Founded in 1973 as a subsidiary of Sabanci Holding, Kordsa Global produces tire, composite and construction reinforcement technologies for the worldwide market.
