IFG Asota backed by Duroc was sold to Beaulieu
IFG Asota, polypropylene-based staple fibres manufacturer, backed by Duroc AB, a Swedish listed investment holding, was sold to to Beaulieu International Group.
IFG Asota, headquartered in Linz, Austria, is a leading European producer of high-performance synthetic staple fibres, with deep expertise in polypropylene, polyamide, polyethylene and biopolymer fibres. The company serves a diversified range of high-value end markets and is renowned for its strong innovation capabilities.
Duroc AB is a Swedish industrial investment company founded in 1992. It acquires and develops businesses in manufacturing, automation, and industrial trade, with a focus on long-term growth.
Beaulieu International Group, headquartered in Waregem, Belgium, is one of the world’s leading manufacturers of flooring, yarns and fibres. Through its Beaulieu Fibres International division, the group has built a strong global position in synthetic staple fibres.
The acquisition represents a natural strategic fit, reinforcing BFIs ambition to become the world’s most complete and trusted staple fibre expert, and strengthening its capabilities in innovation, sustainability and customer solutions for the nonwoven and technical textile markets.
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