Küçükçalık and Standard Textile Co., Inc. have announced a joint venture agreement on the 24th June of 2021. The venture agreement brings together the specialized expertise and knowledge of two leading textile manufacturing companies to expand their product portfolio and accelerate growth within the healthcare, hospitality, and consumer markets.
Küçükçalık, a premier global textile manufacturing company with key operations in Turkey and Egypt. From fibre production to weaving to finishing, the corporate produces apparel, bedding, drapery, and other decorative products for the consumer market. The company started its first weaving mill in 1990 and added dyeing and printing factories in 1992. In 2019, Küçükçalık created an advanced sustainable yarn from discarded PET bottles using advanced spinning technology. The company is listed among the highest 500 companies within the Turkish industrial sector.
Yaşar and Yılmaz Küçükçalık, the shareholders of Küçükçalık commented – “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 especially strong,”
Gary Heiman, President and Chief Executive Officer of Standard Textile stated-“We are pleased to announce this new joint venture for 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 fibre extrusion. Their innovative fibre extrusion and texturizing operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fibre to fulfil the requirements of current and future customers.”
Standard Textile produces bed, bath, and decorative products, serving the healthcare, hospitality, and consumer markets. Its manufacturing operations are in North America, Europe, Asia, and the Middle East. The corporation received recognition in 2016 for creating a model for advanced textile manufacturing within the U.S with their operations in Thomaston, Georgia and Union, South Carolina headlined in major news publications.
Formerly, 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 assist the frontline workers regarding the pandemic; and recently the corporate was selected as a 2021 U.S Best Managed Company which was sponsored by Deloitte Private and the Wall Street Journal, the program recognizes outstanding U.S private companies and also the achievements of their management teams.
