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Traction Partners acquires polyester fibers producers Diolen
19
Jan '08
Traction Partners of Amsterdam (the Netherlands) has acquired Diolen Industrial Fibers, one of Europe's largest producers of polyester fibers with production sites in the Netherlands and Germany. Diolen Industrial Fibers is a former subsidiary company of Acordis.

The acquisition of Diolen Industrial Fibers reinforces the company's balance and adds an active shareholder to the equation. This will allow Diolen to develop further as a high-quality player on the growing market for technical polyester fibers.

Mr. Kees van Oostenrijk has been appointed CEO of Diolen Industrial Fibers. In this position he will succeed Mr. Eric Tierie, who will leave Diolen in late January 2008 as a result of differences in insight concerning policies to be pursued. Kees van Oostenrijk comes from Custom Management and has extensive experience in innovation and change management in areas including the rubber and plastics industries.

Diolen Industrial Fibers is the European market leader in polyester yarns for broad fabrics. This fast-growing market segment ranges from textile constructions, transport tarpaulins, roofing membranes and billboards to sailcloth, marquees, geotextiles and high-performance filters. We have more than four decades of experience in making high-quality and cost-effective yarns. In fact, the Diolen 174/175 family of yarns is seen by the industry as the benchmark standard.

Traction Partners is a hands-on investment company with offices in Amsterdam. Traction Partners plays an active role in helping mid-size companies focus on growth and further improvements in performance.

Diolen Industrial Fibers BV

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