Velcro acquires Belgian hook-and-loop technology

Velcro acquires Belgian hook-and-loop technology provider

17/06/2015

Hook-and-loop technology provider to the apparel industry Velcro has announced the acquisition of Alfatex, a Belgian supplier of similar technology. Alfatex is the owner of elastics and webbing manufacturer Gevaert.

On announcing the deal, Velcro’s chief executive, Fraser Cameron, said: “This will help us respond to customer needs, spot opportunities for new product innovations and improve our ability to deliver for customers quickly and efficiently.”

Velcro acquires Belgian hook-and-loop technology - sportstextiles: Lea

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Velcro acquires Belgian hook-and-loop technology provider