Standard Textile, Küçükçalık create JV to accelerate growth

Posted June 24, 2021

 

CINCINNATI – Standard Textile Co., Inc. and Küçükçalık announced that they have entered into a joint venture agreement.

 

The agreement brings together the specialized expertise and knowledge of two leading textile manufacturing companies to expand their product portfolio and accelerate growth in the healthcare, hospitality and consumer markets.

 

Küçükçalık is a premier global textile manufacturing company with key operations in Turkey and Egypt. From fiber production to weaving to finishing, the company produces apparel, bedding, drapery and other decorative products for the consumer market.

 

The company opened its first weaving mill in 1990 and added dyeing and printing factories in 1992. In 2019, Küçükçalık created a new sustainable yarn from discarded PET bottles using advanced spinning technology. The company is listed among the top 500 companies in the Turkish industrial sector.

 

"We are pleased to announce this new joint venture for Standard Textile," said Gary Heiman, president and CEO of Standard Textile. "We have admired Küçükçalık's world-class facilities in Turkey and Egypt, and this joint venture allows us to both expand our global footprint and leverage their technology and expertise in fiber extrusion. Their innovative fiber extrusion and texturizing operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fiber to meet the needs of current and future customers."

 

Standard Textile manufactures bed, bath and decorative products, serving the healthcare, hospitality and consumer markets. It has manufacturing operations in North America, Europe, Asia and the Middle East. The company received recognition in 2016 for creating a model for advanced textile manufacturing in the United States with their operations in Thomaston, Ga., and Union, S.C., headlined in major news publications.  

 

Earlier this year, Standard Textile was credited with the "Best Health Care and Medical Innovation" by Ohio Business Magazine for developing a uniquely American-made reusable cover gown to help protect frontline medical workers responding to the global pandemic; and most recently, the company was selected as a 2021 US Best Managed Company. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams.   

 

"We are very happy to be able to continue our long-lasting friendship and existing trading relationship with Standard Textile now as co-shareholders. We are confident that this partnership will add significant value to Küçükçalık by allowing us to expand in markets where Standard Textile is particularly strong," said Yaşar and Yılmaz Küçükçalık, the shareholders of Küçükçalık.

 

Source: Standard Textile

  • LinkedIn
  • Wix Facebook page
  • Instagram
  • Wix Twitter page
Standard_Textile_logo.jpg
Lang_Ligon_eTC_inside_pages_ad_2021-comp
AB Carter-website ad_051021_DRAFT1.gif
Murata_eTC_Ad_111619_FINAL.gif
Frankl-Thomas-sidebar-ad-080117_256_opti
PAF Sales-BTSR eTC Website ad_093020-Opt
Mezger-sidebar-ad-230X124-062816-Draft2_
Zimmer_ad_inside_920X496.jpg
Banner_WeavingTechnical_ETC_230x124.gif
Navis-TubeTex-Web-Inside-Page-090518_opt
SSM_eTextileCommunication_Banner_230x124
STA_ad_011520-optimized_compressed.gif
ATMA_Techtextil 2021 ad_website_011121-O
ETC_banner_4_REAL_MoreRES_compressed.jpg