Beaulieu International Group has moved to strengthen its position in the synthetic staple fibres market.
The group has agreed to buy Austrian producer, a key player in the global synthetic staple fibres market, from Swedish group Duroc. The deal is expected to be completed next month. Duroc says the deal has an enterprise value of £14.4m and will make it debt-free. Duroc is seeking to exit the European fibres market.
Asota had sales of about £33m in 2024/2024 with EBIT of £82,000.
BIG has also agreed a manufacturing deal with Duroc that will see its Exelto subsidiary produce fibres for it if needed. BIG is buying €3m of machinery. The deal also gives BIG the opportunity to buy UK subsidiary Drake.
Asota offers BIG expertise in polypropylene, polyamide, polyethylene and biopolymer fibres such as PLA, serving a wide range of high-value markets including flooring, automotive, filtration, and technical applications. The company is known for its strong innovation capabilities, supported by a research centre featuring a unique pilot line that accelerates development project timelines by offering the opportunity to prototype new fibres. BIG will look to harness this extensive expertise in technical applications, biobased and recycled polymers to ‘accelerate its roadmap to product leadership.’
‘Our ambition is clear: we are building a flexible and agile global platform that reinforces our leadership, strengthens our presence in existing markets, and opens the door to new, untapped territories. The acquisition of Asota accelerates this journey,’ says, says Jean-Baptiste De Ruyck, BIG ceo.
