COFIDES promotes the international expansion of BCNonwovens with a multi-million-dollar investment

 

COFIDES has announced its participation in a syndicated loan to support the internationalization of BCNonwovens , a leading company specializing in the production and supply of nonwoven fabrics. This transaction, led by Caixabank and structured in four tranches, totals €50,5 million. COFIDES' specific contribution focuses on the tranche earmarked for the acquisition of Atex Inc (GA), through a €9 million loan from the Fund for Investments Abroad ( FIEX ).

 

This investment marks BCNonwovens' first international venture, enabling it to expand into an emerging market and complement its existing technologies and products. Atex Inc., located in Georgia (USA) , designs and produces specialty nonwoven materials for a variety of end applications. With three production lines and a workforce of 75 employees, this strategic acquisition will allow BCNonwovens to increase its production capacity and diversify its technological offerings.

 

Miguel Ángel Ladero , COFIDES' Corporate Investment Director, stated: “For COFIDES, it is very exciting to be able to contribute to the internationalization of a Spanish company in the US market, given the market's potential and the positive synergies expected from the transaction, in a priority destination for Spanish investment and through a project that aims to create quality jobs both in Spain and the US.”

 

For his part, Miguel Viñas , president of BCNonwovens, commented: “Atex USA provides us with a strategic foothold in the growing North American markets, with the necessary space for future investments. We look forward to combining the strengths of both organizations and continuing on our path of growth.”

 

Marko Rajamaa , CEO of BCNonwovens, added: “At BCNonwovens, we are excited to welcome all Atex USA employees to our family business. With a customer-centric approach and a commitment to excellence, Atex USA has a proven track record of delivering highly specialized solutions to its clients.”

 

Finally, Luca di Benedetto , CEO of Atex USA Inc., noted: “At Atex USA we are extremely proud of our achievements so far and are equally excited to begin this new chapter alongside our new owner, BCNonwovens.”