Cellusuede Products Announces Acquisition of Engineered Fibers Technology
Flock producer Cellusuede Products, Inc, Rockford, Illinois, has announced it has acquired Engineered Fibers Technology, (EFT) Shelton, Connecticut. On June 30, 2020, Cellusuede completed the purchase and now has 100% interest in EFT ownership, greatly expanding Cellusuede’s capabilities as a precision short-cut fiber supplier.
EFT, founded in 1998, is an industry leader in precision short-cut technical fibers (including Ni-coated carbon, Vectran, BioMid, lyocell, S-2 glass, aramid, and PEEK, among several others) into technical markets, including specialty papers, construction and composites, as well as into thermoplastic /thermoset molding compounds, with coated (controlled strand integrity) fibers. EFT also has a well-established and unique line of wet processed fibers that includes EFTec™ Nanofibrillated fibers for filtration, wipes, and specialty papers. In addition, EFT’s offerings include its DensePakTM proprietary short fiber and packaging expertise used to manufacture obscurant devices employed by the U.S. Government as a defense against sophisticated electro-optical sensors and advanced weapon systems.
EFT is well recognized for its materials science expertise and proprietary technology for high performance technical applications. EFT’s solutions-based technical focus combined with Cellusuede’s long standing history of highest quality short-cut fibers and larger scale capacity will catapult the Company into new technical markets while entrenching the Company even further into existing markets as a first quality partner to our customer base.
Cellusuede, an ESOP company founded in 1938, will look to leverage EFT’s capabilities to grow its business in energy storage markets, automotive applications, and additive manufacturing. Andy Honkamp, President and CEO of Cellusuede, is the new President of EFT. Bob Evans, founder, and former Managing Director of EFT will stay on in a technical consulting role, and Dave Merrill, former Sales and Marketing Director for EFT, will remain in a sales and customer service support role. EFT will continue operations in Shelton, Connecticut.