TARRYTOWN, N.Y., March 16, 2017 /PRNewswire/ -- Ultrafabrics® LLC, a leader in the polyurethane fabric industry, has merged with Daiichi Kasei Co. Ltd. (DKK), a publicly traded company on the Tokyo Stock Exchange.
Ultrafabrics and DKK have been long-standing partners in the production of the U.S.-based company's high-performance fabrics made for many industries, including furniture, automotive, RV, aviation, healthcare and marine. The acquisition of the shares saw DKK increase its previous 16 percent stake in Ultrafabrics to 100 percent and is going to form the publicly traded Ultrafabrics Holdings Co. later this year, which includes both entities.
Current senior management will continue to oversee the Ultrafabrics organization and will remain in their ownership roles in the new vertically integrated corporate structure, thus merging management of both entities into one stronger unit. The transaction will also allow the newly combined company to fully capture multiple synergies and growth opportunities across various targeted markets. In addition, it will allow Ultrafabrics to strengthen the personalized attention and service it provides to each and every customer.
Ultrafabrics' management team is excited by the opportunity provided by the integration of the two organizations. According to Clay Rosenberg, co-founder and CEO of Ultrafabrics, the 30-year relationship between the two companies made the merger a logical step. "Everything each company does is complementary to one another, so it's a natural progression and transition," he said. "Our company is based on American and Japanese expertise combined and perfected, and this will make our partnership even stronger."
Danielle Boecker-Primack, co-founder and president of Ultrafabrics confirms the spirit of close collaboration. "'Kizuna,'" a Japanese word for a tight bond or connection between people, is the perfect way to describe how we feel about our partnership."
With decades of polyurethane craftsmanship behind us, we are continuously reshaping the world of performance fabrics - one surface at a time. Made by humans, for humans, we create materials that suit life. Always innovating and evolving in sync with the needs of our customers, our passion is to deliver unrivaled sensorial experiences across industries: premium, sustainable and intelligent fabrics that speak to—and elevate—the senses.