Lumat, Dominion Fiber Technologies and EuroFibers merge into FibrXL
The combination creates an unparalleled portfolio of high-tenacity yarns, renowned high-performance fibers, fiber processing capabilities and a global distribution network.
Leading fiber companies Lumat Group (Lumat), Dominion Fiber Technologies (DFT) and EuroFibers, with a collective experience in technical textiles and fiber enhancing services of over 60 years, have officially announced their merger. The new group will trade under the name FibrXL from January 2020. Marcel Alberts (previously EuroFibers) and Jeroen Drenth (previously Lumat) will continue as Managing Directors of the combined company. Significant synergy opportunities as well as global expansion of the high-performance fibers portfolio are the main reasons to combine the three companies into one. FibrXL is fully committed to becoming the global leader in the sales, marketing and distribution of high-performance fibers, industrial yarns and related converting services.
EuroFibers and Active Capital Company, the investor behind Lumat and DFT, saw the need for a “global one stop fiber shop” and for that reason jointly decided to create a single brand for the three companies, that are very complementary to each other. By combining the vast product knowledge and expertise of the individual companies, as well as their worldwide sales force, logistics services, warehousing facilities, and converting capabilities, a new group is created that can serve the market on a worldwide scale.
Global One Stop Fiber Shop FibrXL is the global one stop fiber shop for technical textiles, where a broad product portfolio, technical expertise, market and application knowledge, decades of experience and an extensive customer-, supplier-, and distribution network are brought together.
In short, FibrXL is the distributor, and innovation partner of the world’s largest producers of high-performance fibers, like Dyneema®, Twaron®, Technora®, Vectran® and Zylon® (FibrXL Performance) and leading distributor of industrial yarns like Polyester, Polyamide and Viscose (FibrXL Industrial). FibrXL works with regional sales managers and agents in both the EU and the USA to efficiently connect their suppliers with their end customers. Not only can FibrXL deliver the unprocessed fibers, but the company can also customize the products in color, size, weight, packaging, and delivering to the customers wishes; direct from stock.
“We are absolutely thrilled to introduce FibrXL to the market. Our global reputation, broad network and combined years of experience in high-performance and industrial fibers will provide customers with the best of both worlds.” Jeroen Drenth, current Managing Director Lumat – future Managing Director FibrXL.
“We are delighted to join forces with the Lumat and DFT team. Their exceptional network and textile experience together with the high-performance portfolio and product know-how of EuroFibers will represent the next generation of outstanding service to our industry” Marcel Alberts, current Managing Director EuroFibers – future Managing Director FibrXL.
Lumat Lumat is a leading provider of integrated marketing, sales and distribution services of industrial yarns, such as Polyester, Polyamide and viscose in Europe, Africa and the Americas. The company has over 30 years of experience and has an extensive network of branch offices and warehouses strategically placed over the three continents serving the industrial market.
Dominion Fiber Technologies (DFT) DFT has served major fiber producers, distributors, and end use customers for more than 20 years. With a highly experienced work force and management team, DFT offers unparalleled innovation, quality and service to their business partners. Building on their experience and worldwide network of suppliers enables them to provide the highest quality materials at competitive pricing.
EuroFibers EuroFibers is the leading distributor and processor of high-performance fibers such as Dyneema®, Twaron®, Technora®, Vectran® and Zylon®, with 10 years of experience. With their in-house developed unique Prisma® coating technology, yarns & strands can be functionalized tailored to the final customer needs for different applications. EuroFibers has a reliable reputation in the field of high-performance fibers and applies stringent quality controls to assure the high quality that is required in the high-end technical markets they serve.
Active Capital Company Active Capital Company invests in Dutch SMEs active in the manufacturing industry. Their business model is not only to provide financing, but also to bring in operational and financial expertise. Active Capital Company has a very active and proven approach to scaling up companies and achieving more and faster growth, innovation and sustainability. It is a reliable partner with a proven track record with various successful investments in the technical textile and maritime industry.
The website fibrxl.com will be launched in January 2020.
